{"id":112264,"date":"2025-02-25T10:36:27","date_gmt":"2025-02-25T06:36:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112264"},"modified":"2025-02-25T10:36:30","modified_gmt":"2025-02-25T06:36:30","slug":"gold-prices-retreat-but-remain-near-record-highs-amid-trade-war-concerns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-retreat-but-remain-near-record-highs-amid-trade-war-concerns\/02\/25\/market-updates\/","title":{"rendered":"Gold Prices Retreat but Remain Near Record Highs Amid Trade War Concerns"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Gold prices edged lower in Asian trading on Tuesday but remained close to recent peaks as <strong>safe-haven demand<\/strong> stayed strong. This came amid <strong>rising global trade tensions<\/strong>, particularly with <strong>U.S. President Donald Trump\u2019s renewed tariff threats against Canada, Mexico, and China<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Gold Price Movements (as of 01:03 ET \/ 06:03 GMT):<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> declined <strong>0.5%<\/strong> to <strong>$2,947.73<\/strong> per ounce.<\/li>\n\n\n\n<li><strong>Gold futures (April contracts)<\/strong> fell <strong>0.3%<\/strong> to <strong>$2,952.99<\/strong> per ounce.<\/li>\n\n\n\n<li><strong>Last week\u2019s record high<\/strong>: <strong>$2,956.37<\/strong> per ounce.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Drivers:<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. Trump\u2019s Tariff Threats Keep Investors on Edge<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trump reaffirmed his <strong>plan to impose 25% tariffs on Canada and Mexico<\/strong> by next week if no agreement is reached before the <strong>March 4 deadline<\/strong>.<\/li>\n\n\n\n<li>This move could trigger <strong>retaliatory tariffs<\/strong>, fueling <strong>global trade instability<\/strong> and increasing demand for <strong>gold as a safe-haven asset<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. U.S.-China Trade Tensions Intensify<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over the weekend, Trump signed <strong>a sweeping executive order<\/strong> imposing <strong>new restrictions on Chinese trade and investment<\/strong>.<\/li>\n\n\n\n<li>The U.S. administration is reportedly considering <strong>tighter controls on chip exports to China<\/strong>, a move that could escalate the <strong>ongoing tech war<\/strong> between Washington and Beijing.<\/li>\n\n\n\n<li>Beijing has already <strong>retaliated with its own tariffs and export controls<\/strong>, raising fears of further trade disruptions.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>3. Gold\u2019s Safe-Haven Appeal Strengthened<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amid worsening trade relations, <strong>investors continue to seek refuge in gold<\/strong>, keeping prices elevated despite Tuesday\u2019s slight dip.<\/li>\n\n\n\n<li>The metal\u2019s resilience suggests that markets remain concerned about the potential <strong>impact of U.S. trade policies on global economic stability<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold prices are likely to remain <strong>highly sensitive<\/strong> to further developments in <strong>U.S. trade policy and geopolitical tensions<\/strong>.<\/li>\n\n\n\n<li>If Trump <strong>proceeds with new tariffs<\/strong>, <strong>gold could surge past its record high of $2,956.37 per ounce<\/strong>.<\/li>\n\n\n\n<li>However, a <strong>softening in trade rhetoric<\/strong> or <strong>positive trade negotiations<\/strong> could lead to <strong>profit-taking and a short-term pullback in gold prices<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower in Asian trading on Tuesday but remained close to recent peaks as safe-haven demand stayed strong. This came amid rising global trade tensions, particularly with U.S. President Donald Trump\u2019s renewed tariff threats against Canada, Mexico, and China. Gold Price Movements (as of 01:03 ET \/ 06:03 GMT): Spot gold declined 0.5% &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-112264","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\/112264","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=112264"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112264\/revisions"}],"predecessor-version":[{"id":112265,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112264\/revisions\/112265"}],"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=112264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}