{"id":111683,"date":"2025-02-11T12:52:09","date_gmt":"2025-02-11T08:52:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111683"},"modified":"2025-02-11T12:52:13","modified_gmt":"2025-02-11T08:52:13","slug":"gold-hits-record-highs-as-safe-haven-demand-surges","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-record-highs-as-safe-haven-demand-surges\/02\/11\/market-updates\/","title":{"rendered":"Gold Hits Record Highs as Safe-Haven Demand Surges"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Gold prices soared to <strong>fresh record highs<\/strong> in <strong>Asian trade on Tuesday<\/strong>, driven by escalating <strong>trade war fears<\/strong> and <strong>geopolitical tensions<\/strong> under <strong>U.S. President Donald Trump<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> reached a <strong>record high of $2,942.69\/oz<\/strong>.<\/li>\n\n\n\n<li><strong>Gold futures<\/strong> peaked at <strong>$2,968.39\/oz<\/strong> before slightly retreating.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Drivers:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>U.S. Trade Tariffs Spark Economic Uncertainty<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Trump signed 25% tariffs on steel and aluminum imports<\/strong>, effective <strong>March 12<\/strong>.<\/li>\n\n\n\n<li><strong>More reciprocal tariffs expected this week<\/strong>, heightening trade war fears.<\/li>\n\n\n\n<li><strong>Tariffs on Chinese goods already in place<\/strong> (10%), prompting retaliation from Beijing.<\/li>\n\n\n\n<li><strong>Market fears<\/strong> that escalating tariffs will <strong>disrupt global trade<\/strong> and fuel <strong>inflation<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Geopolitical Tensions Fuel Safe-Haven Demand<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Trump\u2019s ultimatum to Hamas<\/strong>: Return <strong>Israeli hostages by Saturday<\/strong> or face severe consequences.<\/li>\n\n\n\n<li><strong>Potential cancellation of Israel-Hamas ceasefire<\/strong> raises risks of broader conflict.<\/li>\n\n\n\n<li><strong>Middle Eastern tensions<\/strong> push investors toward gold as a hedge.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Metals &amp; Market Reactions<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum<\/strong>: <strong>Down to $1,035.50\/oz<\/strong><\/li>\n\n\n\n<li><strong>Silver<\/strong>: <strong>Down 0.5% to $32.343\/oz<\/strong><\/li>\n\n\n\n<li><strong>Copper<\/strong>: <strong>Down 0.6% to $9,411.25\/ton<\/strong> (London Metal Exchange)<\/li>\n\n\n\n<li><strong>March Copper Futures<\/strong>: <strong>Down 0.3% to $4.6788\/lb<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gold remains strong<\/strong> as investors hedge against <strong>inflation, trade uncertainty, and geopolitical risks<\/strong>.<\/li>\n\n\n\n<li><strong>Markets await U.S. inflation data on Wednesday<\/strong>, which will shape expectations for <strong>Federal Reserve policy<\/strong>.<\/li>\n\n\n\n<li><strong>Further volatility expected<\/strong> if Trump announces additional tariffs or tensions escalate in the Middle East.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices soared to fresh record highs in Asian trade on Tuesday, driven by escalating trade war fears and geopolitical tensions under U.S. President Donald Trump. Spot gold reached a record high of $2,942.69\/oz. Gold futures peaked at $2,968.39\/oz before slightly retreating. Key Market Drivers: U.S. Trade Tariffs Spark Economic Uncertainty Trump signed 25% tariffs &hellip;<\/p>\n","protected":false},"author":9,"featured_media":104527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[],"class_list":["post-111683","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111683"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111683\/revisions"}],"predecessor-version":[{"id":111685,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111683\/revisions\/111685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104527"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}