{"id":113071,"date":"2025-03-24T12:23:25","date_gmt":"2025-03-24T08:23:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113071"},"modified":"2025-03-24T12:23:28","modified_gmt":"2025-03-24T08:23:28","slug":"gold-prices-edge-lower-as-market-reacts-to-softer-trump-tariff-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-edge-lower-as-market-reacts-to-softer-trump-tariff-expectations\/03\/24\/market-updates\/","title":{"rendered":"Gold Prices Edge Lower as Market Reacts to Softer Trump Tariff Expectations"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Gold prices <strong>dipped in Asian trading on Monday<\/strong>, retreating further from <strong>record highs<\/strong> as reports indicated that <strong>U.S. President Donald Trump\u2019s April 2 tariffs<\/strong> may be <strong>less severe than feared<\/strong>, reducing demand for safe-haven assets.<\/p>\n\n\n\n<p>However, a <strong>softer dollar<\/strong> helped <strong>limit gold\u2019s losses<\/strong>, while broader <strong>metal prices advanced<\/strong>, supported by <strong>tightening global supply expectations<\/strong>\u2014particularly in <strong>copper<\/strong>, which remains buoyed by <strong>U.S. tariffs and Chinese smelter closures<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold Prices Overview<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong>: <strong>-0.2%<\/strong> to <strong>$3,018.51\/oz<\/strong><\/li>\n\n\n\n<li><strong>Gold futures (May expiry)<\/strong>: <strong>Flat<\/strong> at <strong>$3,049.30\/oz<\/strong><\/li>\n\n\n\n<li><strong>Last week\u2019s record high<\/strong>: <strong>$3,057.5\/oz<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold Pressured by Risk-On Sentiment<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reports from Bloomberg &amp; WSJ<\/strong> suggest that Trump will <strong>not impose tariffs<\/strong> on <strong>automobiles, pharmaceuticals, semiconductors, and commodities<\/strong> on April 2, <strong>contrary to earlier threats<\/strong>.<\/li>\n\n\n\n<li>The <strong>proposed reciprocal tariffs<\/strong> will reportedly be <strong>limited to 15 countries<\/strong> with large trade imbalances with the U.S., <strong>reducing broader economic risks<\/strong>.<\/li>\n\n\n\n<li>This fueled a <strong>jump in Wall Street futures<\/strong>, shifting investor appetite <strong>toward riskier assets<\/strong> and weighing on gold.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Uncertainty Keeps Haven Demand Intact<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>White House has yet to confirm<\/strong> these reports, keeping markets <strong>uncertain<\/strong> ahead of Trump\u2019s tariff deadline.<\/li>\n\n\n\n<li>Despite easing tariff concerns, <strong>inflation risks remain<\/strong>, as <strong>tariffs on major U.S. imports<\/strong> could still <strong>drive up domestic prices<\/strong> and pressure economic activity.<\/li>\n\n\n\n<li>Geopolitical concerns, including <strong>Russia-Ukraine peace talks<\/strong> and <strong>Middle East tensions<\/strong>, continue to <strong>support gold\u2019s appeal<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Economic Events to Watch<\/strong><\/h3>\n\n\n\n<p>Investors will focus on a <strong>busy week of U.S. economic data<\/strong>, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purchasing Managers\u2019 Index (PMI) data<\/strong><\/li>\n\n\n\n<li><strong>PCE Price Index data<\/strong> (Federal Reserve\u2019s preferred inflation gauge)<\/li>\n\n\n\n<li><strong>Revised Q4 GDP report<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Precious Metals<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum futures<\/strong>: <strong>+0.3%<\/strong> to <strong>$981.15\/oz<\/strong><\/li>\n\n\n\n<li><strong>Silver futures<\/strong>: <strong>+0.7%<\/strong> to <strong>$33.735\/oz<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Both metals recovered slightly after <strong>posting losses last week<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>With <strong>gold prices still near record levels<\/strong>, investor focus remains on <strong>U.S. tariff clarity<\/strong>, <strong>inflation concerns<\/strong>, and <strong>geopolitical developments<\/strong>, all of which could drive <strong>volatility in safe-haven assets<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices dipped in Asian trading on Monday, retreating further from record highs as reports indicated that U.S. President Donald Trump\u2019s April 2 tariffs may be less severe than feared, reducing demand for safe-haven assets. However, a softer dollar helped limit gold\u2019s losses, while broader metal prices advanced, supported by tightening global supply expectations\u2014particularly in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":103762,"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":[7603],"class_list":["post-113071","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113071","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=113071"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113071\/revisions"}],"predecessor-version":[{"id":113072,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113071\/revisions\/113072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103762"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}