{"id":113199,"date":"2025-03-28T11:38:09","date_gmt":"2025-03-28T07:38:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113199"},"modified":"2025-03-28T11:38:12","modified_gmt":"2025-03-28T07:38:12","slug":"gold-hits-record-high-amid-trade-war-fears-markets-eye-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-record-high-amid-trade-war-fears-markets-eye-inflation-data\/03\/28\/market-updates\/","title":{"rendered":"Gold Hits Record High Amid Trade War Fears, Markets Eye Inflation Data"},"content":{"rendered":"\n

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

Gold surged to an all-time high<\/strong> in Asian trading on Friday, driven by increased safe-haven demand<\/strong> after U.S. President Donald Trump imposed steep tariffs on the auto sector<\/strong>.<\/p>\n\n\n\n

Gold Extends Gains as Trade Uncertainty Rises<\/strong><\/h3>\n\n\n\n
    \n
  • Spot gold<\/strong> climbed 0.6% to $3,073.79\/oz<\/strong>, after touching a record $3,077.67\/oz<\/strong> earlier.<\/li>\n\n\n\n
  • Gold futures (May delivery)<\/strong> gained 0.7% to $3,112.72\/oz<\/strong>, peaking at $3,117.50\/oz<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    Gold\u2019s strong March rally<\/strong> reflects growing market anxiety over:<\/p>\n\n\n\n

      \n
    • Trump\u2019s tariffs<\/strong>, including potential reciprocal duties on major U.S. trading partners<\/strong> starting April 2.<\/li>\n\n\n\n
    • Geopolitical risks<\/strong>, with tensions escalating between Russia-Ukraine<\/strong> and Israel-Hamas<\/strong>.<\/li>\n\n\n\n
    • Recession fears<\/strong>, as trade disruptions and inflation weigh on economic growth.<\/li>\n<\/ul>\n\n\n\n

      Global Trade War Concerns Lift Safe-Haven Demand<\/strong><\/h3>\n\n\n\n

      Trump’s 25% tariff on foreign-made cars<\/strong> has sparked retaliation threats<\/strong> from Canada, China, Europe, and Mexico<\/strong>, signaling the start of a global trade war<\/strong>.<\/p>\n\n\n\n

      Trump is also considering tariffs on semiconductors, pharmaceuticals, and select commodities<\/strong>, adding to market uncertainty.<\/p>\n\n\n\n

      Other Precious & Industrial Metals React<\/strong><\/h3>\n\n\n\n
        \n
      • Platinum<\/strong> rose to $989.55\/oz<\/strong>.<\/li>\n\n\n\n
      • Silver<\/strong> hit a 12-year high<\/strong>, rising 0.6% to $35.283\/oz<\/strong>.<\/li>\n\n\n\n
      • Copper retreated<\/strong>, with LME copper down 0.3% ($9,828.80\/ton)<\/strong> and U.S. copper futures down 0.4% ($5.1015\/pound)<\/strong> after reaching record highs earlier this week.<\/li>\n<\/ul>\n\n\n\n

        Markets Brace for PCE Inflation Data<\/strong><\/h3>\n\n\n\n

        The February PCE price index<\/strong>, the Federal Reserve\u2019s preferred inflation gauge<\/strong>, is due Friday.<\/p>\n\n\n\n

          \n
        • Core PCE inflation<\/strong> is expected to remain above the Fed\u2019s 2% target<\/strong>, reducing the likelihood of early rate cuts<\/strong>.<\/li>\n\n\n\n
        • Recent consumer and producer inflation data<\/strong> showed mixed signals, keeping investors on edge.<\/li>\n<\/ul>\n\n\n\n

          With tariffs complicating the inflation outlook<\/strong>, markets are closely watching the Fed\u2019s next moves.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Gold surged to an all-time high in Asian trading on Friday, driven by increased safe-haven demand after U.S. President Donald Trump imposed steep tariffs on the auto sector. Gold Extends Gains as Trade Uncertainty Rises Spot gold climbed 0.6% to $3,073.79\/oz, after touching a record $3,077.67\/oz earlier. Gold futures (May delivery) gained 0.7% to $3,112.72\/oz, …<\/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":[7603],"class_list":["post-113199","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\/113199","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=113199"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113199\/revisions"}],"predecessor-version":[{"id":113200,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113199\/revisions\/113200"}],"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=113199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}