Gold prices extended strong gains in Asian trading on Thursday<\/strong>, approaching their all-time high as investors continued to seek safe-haven assets amid deepening U.S.-China trade tensions<\/strong>, despite President Donald Trump\u2019s temporary pause on reciprocal tariffs for most other countries.<\/p>\n\n\n\n As of 02:05 ET (06:05 GMT)<\/strong>:<\/p>\n\n\n\n The yellow metal is now just shy of its record high of $3,168<\/strong>, hit on April 3<\/strong>, when initial U.S. tariffs were unveiled. While gold prices pulled back in recent days as investors sold holdings to cover broader market losses, momentum has returned strongly amid renewed uncertainty.<\/p>\n\n\n\n Gold\u2019s latest rally was triggered by the official implementation of U.S. tariffs<\/strong> on Wednesday. Though President Trump announced a 90-day postponement<\/strong> of reciprocal tariffs for most trading partners, he increased duties on Chinese imports to 125%<\/strong>, signaling a more aggressive stance toward Beijing.<\/p>\n\n\n\n China\u2019s retaliatory 84% tariffs on U.S. goods<\/strong> came into effect Thursday, further heightening fears of a prolonged trade conflict<\/strong> between the world\u2019s two largest economies.<\/p>\n\n\n\n \u201cThe contradictory nature of Trump\u2019s tariff policy\u2014delaying for allies while doubling down on China\u2014has amplified geopolitical uncertainty,\u201d analysts noted. \u201cGold is benefitting as investors brace for further market volatility.\u201d<\/p>\n<\/blockquote>\n\n\n\n The U.S. Dollar Index<\/strong> edged 0.2% lower<\/strong>, lingering near a six-month low<\/strong>, which boosted gold\u2019s appeal by making it cheaper for non-dollar buyers<\/strong>. The combination of a softer dollar, rising geopolitical tensions, and market volatility continues to support gold\u2019s upward trend.<\/p>\n\n\n\n Other precious metals joined the rally:<\/p>\n\n\n\n Silver, often seen as a hybrid precious and industrial metal, benefited from both safe-haven flows and speculative buying.<\/p>\n\n\n\n Copper prices jumped sharply<\/strong> as investors welcomed Trump\u2019s 90-day tariff pause<\/strong>, which eased short-term pressure on global supply chains. However, sentiment remained cautious due to higher tariffs on China<\/strong>, the world\u2019s largest copper consumer.<\/p>\n\n\n\n Analysts warn that any further deterioration in U.S.-China relations could weigh on industrial demand, especially if Chinese economic activity slows as a result of escalating tariffs.<\/p>\n\n\n\n With gold now within striking distance of a new record high, market focus will remain on any escalation in U.S.-China rhetoric<\/strong>, as well as policy signals from central banks<\/strong>, particularly the Federal Reserve<\/strong>. Continued global uncertainty is likely to keep safe-haven demand elevated, supporting precious metals in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices extended strong gains in Asian trading on Thursday, approaching their all-time high as investors continued to seek safe-haven assets amid deepening U.S.-China trade tensions, despite President Donald Trump\u2019s temporary pause on reciprocal tariffs for most other countries. As of 02:05 ET (06:05 GMT): Spot Gold rose 1.6% to $3,123.58 per ounce Gold Futures …<\/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-113500","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\/113500","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=113500"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113500\/revisions"}],"predecessor-version":[{"id":113501,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113500\/revisions\/113501"}],"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=113500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n\n\n\nU.S.-China Tensions Drive Safe-Haven Demand<\/h3>\n\n\n\n
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\n\n\n\nDollar Weakness Adds to Gold\u2019s Momentum<\/h3>\n\n\n\n
\n\n\n\nPrecious Metals: Silver and Platinum Also Rise<\/h3>\n\n\n\n
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\n\n\n\nCopper Surges on Tariff Delay, But Uncertainty Remains<\/h3>\n\n\n\n
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\n\n\n\nOutlook<\/h3>\n\n\n\n