{"id":112234,"date":"2025-02-24T13:44:54","date_gmt":"2025-02-24T09:44:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112234"},"modified":"2025-02-24T13:44:57","modified_gmt":"2025-02-24T09:44:57","slug":"gold-prices-hold-near-record-highs-amid-u-s-economic-tariff-concerns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-hold-near-record-highs-amid-u-s-economic-tariff-concerns\/02\/24\/market-updates\/","title":{"rendered":"Gold Prices Hold Near Record Highs Amid U.S. Economic, Tariff Concerns"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices traded <strong>flat-to-lower on Monday<\/strong>, remaining <strong>close to recent record highs<\/strong>, as <strong>safe-haven demand surged<\/strong> amid <strong>growing uncertainty over the U.S. economy<\/strong> and <strong>potential trade tariffs<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Moves<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold rose 0.1% to $2,940.18 per ounce<\/strong>, while <strong>April gold futures remained flat at $2,952.97 per ounce (as of 05:37 GMT)<\/strong>.<\/li>\n\n\n\n<li><strong>Gold hit a record high of $2,954.97 last week<\/strong>, driven by <strong>strong haven demand<\/strong> and <strong>falling risk appetite in financial markets<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Drivers of Gold\u2019s Strength<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Economic Slowdown Concerns<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Weak U.S. data reinforced fears of slowing private spending<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>U.S. Services PMI<\/strong> fell below expectations.<\/li>\n\n\n\n<li><strong>Consumer sentiment weakened<\/strong>, dropping to a <strong>15-month low<\/strong>.<\/li>\n\n\n\n<li><strong>Retail sales data<\/strong> indicated <strong>softening demand<\/strong> in January.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sticky inflation and high interest rates<\/strong> are adding pressure to the U.S. economy.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trade Tariff Jitters<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Gold demand increased after U.S. President Donald Trump threatened new tariffs<\/strong> on key sectors.<\/li>\n\n\n\n<li><strong>Investors fear retaliatory tariffs from major U.S. trading partners<\/strong>, which could disrupt markets.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Dollar Weakness Supporting Gold<\/strong>\n<ul class=\"wp-block-list\">\n<li>The <strong>U.S. dollar slipped<\/strong> as markets <strong>priced in potential Fed rate cuts<\/strong> in response to economic softening.<\/li>\n\n\n\n<li>A weaker dollar typically <strong>boosts gold prices<\/strong>, making it more attractive for foreign investors.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>Gold\u2019s trajectory will likely depend on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Further U.S. economic data releases<\/strong>, particularly inflation and employment figures.<\/li>\n\n\n\n<li><strong>Fed rate expectations<\/strong>, as investors assess the likelihood of <strong>more cuts in 2025<\/strong>.<\/li>\n\n\n\n<li><strong>Global trade tensions<\/strong>, especially <strong>developments around U.S. tariffs<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>For now, gold remains well-supported near record highs as investors seek safety amid economic and geopolitical uncertainties.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices traded flat-to-lower on Monday, remaining close to recent record highs, as safe-haven demand surged amid growing uncertainty over the U.S. economy and potential trade tariffs. Key Market Moves Spot gold rose 0.1% to $2,940.18 per ounce, while April gold futures remained flat at $2,952.97 per ounce (as of 05:37 GMT). Gold hit a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":94938,"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":[38,36],"tags":[],"class_list":["post-112234","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112234","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=112234"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112234\/revisions"}],"predecessor-version":[{"id":112236,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112234\/revisions\/112236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94938"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}