{"id":113253,"date":"2025-04-02T10:22:54","date_gmt":"2025-04-02T06:22:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113253"},"modified":"2025-04-02T10:22:56","modified_gmt":"2025-04-02T06:22:56","slug":"gold-eases-from-record-high-as-markets-await-trumps-tariff-details","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-eases-from-record-high-as-markets-await-trumps-tariff-details\/04\/02\/market-updates\/","title":{"rendered":"Gold Eases from Record High as Markets Await Trump\u2019s Tariff Details"},"content":{"rendered":"\n

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

Gold prices edged lower in Asian trading on Wednesday<\/strong>, retreating slightly after hitting an all-time high<\/strong> in the previous session, as traders remained cautious ahead of U.S. President Donald Trump\u2019s April 2 tariff announcements<\/strong>.<\/p>\n\n\n\n

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Gold Market Performance<\/strong><\/h3>\n\n\n\n
    \n
  • Spot gold (XAU\/USD)<\/strong> fell 0.3% to $3,116.24 per ounce<\/strong> by 00:57 ET (04:57 GMT)<\/strong>, after gaining 0.4% in early Asian trading<\/strong>.<\/li>\n\n\n\n
  • The metal hit a record high of $3,149.03 on Tuesday<\/strong>.<\/li>\n\n\n\n
  • Gold Futures (June contracts)<\/strong> were largely unchanged at $3,146.06 per ounce<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    Gold has recorded four consecutive record highs<\/strong>, but volatility increased on Wednesday<\/strong> as investors awaited Trump\u2019s tariff details<\/strong>.<\/p>\n\n\n\n

    \n\n\n\n

    Gold & Market Sentiment Amid Trump\u2019s Tariffs<\/strong><\/h3>\n\n\n\n
      \n
    • Trump\u2019s “Liberation Day” tariffs<\/strong> are set to be announced at 15:00 ET (19:00 GMT) on April 2<\/strong> and will take immediate effect<\/strong>.<\/li>\n\n\n\n
    • These tariffs are expected to raise consumer prices<\/strong> and slow global economic growth<\/strong>, adding to market uncertainty.<\/li>\n\n\n\n
    • The uncertainty surrounding trade policies<\/strong> has fueled a strong rally in gold<\/strong>, traditionally a safe-haven asset.<\/li>\n<\/ul>\n\n\n\n

      The U.S. Dollar Index (DXY)<\/strong> ticked up 0.1% in Asian trading<\/strong>, reflecting cautious risk sentiment.<\/p>\n\n\n\n

      \n\n\n\n

      Other Precious Metals Gain<\/strong><\/h3>\n\n\n\n
        \n
      • Platinum Futures<\/strong> rose 0.3% to $1,009.65 per ounce<\/strong>.<\/li>\n\n\n\n
      • Silver Futures<\/strong> gained 0.7% to $34.523 per ounce<\/strong>.<\/li>\n<\/ul>\n\n\n\n
        \n\n\n\n

        Weaker U.S. Economic Data Complicates Fed Rate Outlook<\/strong><\/h3>\n\n\n\n
          \n
        • The JOLTS report<\/strong> showed job openings fell<\/strong> to 7.57 million in February<\/strong>, down from 7.76 million in January<\/strong>, signaling a gradual cooling labor market<\/strong>.<\/li>\n\n\n\n
        • The ISM Manufacturing PMI<\/strong> dropped to 49.0 in March<\/strong>, down from 50.3 in February<\/strong>, marking the sector\u2019s first contraction in 2025<\/strong>.<\/li>\n<\/ul>\n\n\n\n

          With new trade tariffs potentially fueling inflation<\/strong>, the Federal Reserve faces a complex challenge<\/strong>:<\/p>\n\n\n\n

            \n
          • Rate cuts could support economic growth<\/strong>, but<\/li>\n\n\n\n
          • Tariffs could drive inflation higher<\/strong>, limiting the Fed\u2019s ability to ease policy.<\/li>\n<\/ul>\n\n\n\n

            Investors now await the nonfarm payrolls report on Friday<\/strong> for further clarity<\/strong> on the labor market and Federal Reserve policy direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

            Gold prices edged lower in Asian trading on Wednesday, retreating slightly after hitting an all-time high in the previous session, as traders remained cautious ahead of U.S. President Donald Trump\u2019s April 2 tariff announcements. Gold Market Performance Spot gold (XAU\/USD) fell 0.3% to $3,116.24 per ounce by 00:57 ET (04:57 GMT), after gaining 0.4% in …<\/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-113253","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\/113253","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=113253"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113253\/revisions"}],"predecessor-version":[{"id":113254,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113253\/revisions\/113254"}],"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=113253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}