{"id":113469,"date":"2025-04-09T15:07:16","date_gmt":"2025-04-09T11:07:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113469"},"modified":"2025-04-09T15:07:19","modified_gmt":"2025-04-09T11:07:19","slug":"gold-jumps-as-trump-tariffs-spark-safe-haven-rush-dollar-sinks-to-6-month-low","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-jumps-as-trump-tariffs-spark-safe-haven-rush-dollar-sinks-to-6-month-low\/04\/09\/market-updates\/","title":{"rendered":"Gold Jumps as Trump Tariffs Spark Safe-Haven Rush, Dollar Sinks to 6-Month Low"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Gold prices surged in Asian trading on Wednesday<\/strong>, regaining ground above the $3,000 mark as investors flocked to safe-haven assets after <strong>U.S. President Donald Trump\u2019s sweeping tariffs on China<\/strong> took effect. A weakening U.S. dollar further boosted demand for the yellow metal.<\/p>\n\n\n\n<p>As of <strong>02:35 ET (06:35 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot Gold<\/strong> was up <strong>1.6%<\/strong> at <strong>$3,031.02<\/strong> per ounce.<\/li>\n\n\n\n<li><strong>Gold Futures (June expiry)<\/strong> jumped <strong>1.9%<\/strong> to <strong>$3,046.61<\/strong> per ounce.<\/li>\n<\/ul>\n\n\n\n<p>Gold had earlier this week fallen below $3,000 to its <strong>lowest level since March 13<\/strong>, as traders liquidated positions to cover losses in other risk assets. The current rebound comes after bullion had briefly hit an <strong>all-time high on April 3<\/strong>, when Trump initially announced the new round of tariffs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Safe-Haven Appeal Reignites After 104% Tariffs on China<\/h3>\n\n\n\n<p>The <strong>renewed demand for gold<\/strong> was driven by a sharp risk-off mood following the official rollout of U.S. tariffs. The most significant action was a <strong>104% cumulative tariff on Chinese imports<\/strong>, which combines earlier levies with a new <strong>50% hike<\/strong> unveiled on Tuesday.<\/p>\n\n\n\n<p>In addition to China, new tariffs include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>20% on the European Union<\/strong><\/li>\n\n\n\n<li><strong>24% on Japan<\/strong><\/li>\n\n\n\n<li><strong>46% on Vietnam<\/strong><\/li>\n\n\n\n<li><strong>25% on South Korea<\/strong><\/li>\n\n\n\n<li><strong>32% on Taiwan<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The escalation raised fears of <strong>prolonged global trade disruptions<\/strong> and recessionary risks, pushing investors into traditional safe-haven assets like gold.<\/p>\n\n\n\n<p>China\u2019s <strong>Ministry of Commerce<\/strong> responded by pledging to <strong>&#8220;fight to the end,&#8221;<\/strong> fueling concerns over further retaliatory measures and broader market instability.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Weaker Dollar Adds to Gold\u2019s Upside<\/h3>\n\n\n\n<p>The <strong>U.S. Dollar Index<\/strong> fell <strong>0.7%<\/strong>, hitting a <strong>six-month low<\/strong>, making gold more attractive to international buyers. The decline in the greenback came as traders digested the economic risks posed by the trade war and increasingly <strong>priced in potential rate cuts<\/strong> by the <strong>Federal Reserve<\/strong>.<\/p>\n\n\n\n<p>Markets are now watching closely for any signs from the Fed regarding its policy outlook, especially if inflation softens and growth slows further.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Other Precious Metals Also Rise<\/h3>\n\n\n\n<p>Gold\u2019s rally lifted the broader precious metals complex:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver Futures<\/strong> rose <strong>1.8%<\/strong> to <strong>$30.210<\/strong> per ounce.<\/li>\n\n\n\n<li><strong>Platinum Futures<\/strong> gained <strong>0.5%<\/strong> to <strong>$916.65<\/strong> per ounce.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Copper Slides as Trade War Clouds Demand Outlook<\/h3>\n\n\n\n<p>In contrast, <strong>copper prices declined<\/strong> on Tuesday, pressured by demand concerns amid Trump\u2019s tariffs.<\/p>\n\n\n\n<p>As the <strong>world\u2019s largest consumer of copper<\/strong>, any economic slowdown in <strong>China<\/strong> poses a major threat to global copper demand. Investors are growing wary of prolonged trade tensions dragging down industrial activity.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>LME Copper Futures<\/strong> fell <strong>0.6%<\/strong> to <strong>$8,595.0<\/strong> per ton.<\/li>\n\n\n\n<li><strong>Copper Futures (May delivery)<\/strong> edged <strong>0.6% higher<\/strong> to <strong>$4.1512<\/strong> per pound.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Outlook<\/h3>\n\n\n\n<p>With tariffs now fully in effect and no signs of de-escalation from either the U.S. or China, <strong>gold may continue to see strong support<\/strong> as investors seek protection from volatility and economic uncertainty. However, much will depend on upcoming responses from <strong>Beijing<\/strong>, the <strong>Federal Reserve<\/strong>, and broader <strong>macroeconomic indicators<\/strong> in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices surged in Asian trading on Wednesday, regaining ground above the $3,000 mark as investors flocked to safe-haven assets after U.S. President Donald Trump\u2019s sweeping tariffs on China took effect. A weakening U.S. dollar further boosted demand for the yellow metal. As of 02:35 ET (06:35 GMT): Spot Gold was up 1.6% at $3,031.02 &hellip;<\/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-113469","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\/113469","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=113469"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113469\/revisions"}],"predecessor-version":[{"id":113470,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113469\/revisions\/113470"}],"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=113469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}