{"id":113161,"date":"2025-03-27T11:50:07","date_gmt":"2025-03-27T07:50:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113161"},"modified":"2025-03-27T11:52:34","modified_gmt":"2025-03-27T07:52:34","slug":"gold-prices-climb-amid-tariff-uncertainty-goldman-sachs-raises-2025-forecast","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-climb-amid-tariff-uncertainty-goldman-sachs-raises-2025-forecast\/03\/27\/market-updates\/","title":{"rendered":"Gold Prices Climb Amid Tariff Uncertainty"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

Gold prices rose in Asian trading on Thursday<\/strong>, driven by renewed safe-haven demand<\/strong> after U.S. President Donald Trump imposed a 25% tariff on all automobile imports<\/strong>, escalating global trade tensions.<\/p>\n\n\n\n

Goldman Sachs also raised its 2025 gold price forecast<\/strong>, citing strong central bank demand and increased inflows into exchange-traded funds (ETFs)<\/strong>.<\/p>\n\n\n\n

Gold Prices Near Record Highs<\/strong><\/h3>\n\n\n\n
    \n
  • Spot gold<\/strong> rose 0.4% to $3,032.21 per ounce<\/strong>, staying close to recent record levels.<\/li>\n\n\n\n
  • Gold futures (May contracts)<\/strong> increased 0.5% to $3,067.42\/oz<\/strong> by 05:10 GMT.<\/li>\n<\/ul>\n\n\n\n

    Trump\u2019s tariffs, set to take effect on April 2<\/strong>, triggered a global risk-off move<\/strong>, with sharp declines in Wall Street and Asian stocks<\/strong>, leading investors toward gold as a safe haven asset<\/strong>.<\/p>\n\n\n\n

    Impact of Tariffs on Inflation and Trade<\/strong><\/h3>\n\n\n\n
      \n
    • Trump\u2019s tariffs<\/strong> target key economies, including Japan, Europe, and South Korea<\/strong>.<\/li>\n\n\n\n
    • The move is expected to raise U.S. car prices<\/strong>, potentially driving up inflation<\/strong>.<\/li>\n\n\n\n
    • The U.S. President has also hinted at imposing tariffs on key commodities<\/strong>, including semiconductors and pharmaceuticals<\/strong>.<\/li>\n\n\n\n
    • Europe, Canada, China, and Mexico<\/strong> have criticized the tariffs and threatened retaliation<\/strong>, raising concerns over a global trade war<\/strong>.<\/li>\n<\/ul>\n\n\n\n

      Goldman Sachs Raises Gold Price Target<\/strong><\/h3>\n\n\n\n
        \n
      • The bank hiked its 2025 gold price forecast to $3,300\/oz<\/strong> (previously $3,100\/oz).<\/li>\n\n\n\n
      • Analysts expect Asian central banks to aggressively accumulate gold<\/strong> over the next 3-6 years<\/strong>.<\/li>\n\n\n\n
      • Strong ETF inflows and economic uncertainty<\/strong> could push prices as high as $3,680\/oz by the end of 2025<\/strong>.<\/li>\n<\/ul>\n\n\n\n

        Other Metals Mixed<\/strong><\/h3>\n\n\n\n
          \n
        • Platinum<\/strong> futures fell 0.1% to $968.20\/oz<\/strong>.<\/li>\n\n\n\n
        • Silver<\/strong> futures gained 0.4% to $34.345\/oz<\/strong>.<\/li>\n\n\n\n
        • Copper<\/strong> prices rose 0.4% to $9,969.20 per ton<\/strong> (London Metal Exchange).<\/li>\n<\/ul>\n\n\n\n

          U.S. copper futures hit record highs<\/strong> earlier this week, driven by concerns over supply constraints<\/strong> if Trump imposes new tariffs on copper imports<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Gold prices rose in Asian trading on Thursday, driven by renewed safe-haven demand after U.S. President Donald Trump imposed a 25% tariff on all automobile imports, escalating global trade tensions. Goldman Sachs also raised its 2025 gold price forecast, citing strong central bank demand and increased inflows into exchange-traded funds (ETFs). Gold Prices Near Record …<\/p>\n","protected":false},"author":9,"featured_media":110167,"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-113161","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\/113161","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=113161"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113161\/revisions"}],"predecessor-version":[{"id":113163,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113161\/revisions\/113163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}