{"id":113536,"date":"2025-04-11T11:00:36","date_gmt":"2025-04-11T07:00:36","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113536"},"modified":"2025-04-11T11:00:39","modified_gmt":"2025-04-11T07:00:39","slug":"gold-hits-record-high-as-u-s-china-trade-war-sparks-safe-haven-rush","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-record-high-as-u-s-china-trade-war-sparks-safe-haven-rush\/04\/11\/market-updates\/","title":{"rendered":"Gold Hits Record High as U.S.-China Trade War Sparks Safe-Haven Rush"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>Gold prices surged to an all-time high in Asian trading on Friday<\/strong>, extending a powerful rally as investors sought safety amid escalating trade tensions between the <strong>United States and China<\/strong>. A weaker dollar, falling demand for U.S.-linked assets, and rising volatility across financial markets continued to fuel the yellow metal\u2019s gains.<\/p>\n\n\n\n<p>As of <strong>00:37 ET (04:37 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> jumped over <strong>1%<\/strong> to a <strong>record high of $3,220.20<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Gold futures (June delivery)<\/strong> surged <strong>1.7%<\/strong> to <strong>$3,231.69<\/strong> per ounce<\/li>\n<\/ul>\n\n\n\n<p>The rally capped a <strong>stellar week for gold<\/strong>, which outpaced all other major metals and reaffirmed its status as a <strong>go-to safe haven<\/strong> during periods of global uncertainty.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Gold Surges as Trade War Escalates, Dollar Slips<\/h3>\n\n\n\n<p>The main catalyst behind gold\u2019s surge has been the <strong>escalating tariff battle between Washington and Beijing<\/strong>. Earlier this week:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>President Donald Trump<\/strong> announced U.S. tariffs on Chinese goods had reached <strong>145%<\/strong><\/li>\n\n\n\n<li><strong>China retaliated<\/strong> with <strong>84% tariffs<\/strong> on U.S. imports<\/li>\n<\/ul>\n\n\n\n<p>While Trump extended a <strong>90-day delay<\/strong> for new reciprocal tariffs on most countries, his administration\u2019s hardline stance on China <strong>fueled investor fears of a drawn-out and damaging trade war<\/strong>. Despite suggesting he\u2019s waiting for China to initiate talks, <strong>Beijing has shown no willingness to de-escalate<\/strong>.<\/p>\n\n\n\n<p>These developments triggered a flight from <strong>risk assets and U.S.-tied instruments<\/strong>, such as the <strong>dollar<\/strong> and <strong>Treasury notes<\/strong>, and fueled strong inflows into gold and the <strong>Japanese yen<\/strong>.<\/p>\n\n\n\n<p>A <strong>softer-than-expected U.S. consumer inflation report<\/strong> this week also <strong>weakened the dollar further<\/strong>, bolstering expectations of <strong>earlier Federal Reserve interest rate cuts<\/strong>\u2014another supportive factor for non-yielding gold.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Precious Metals Follow Gold Higher<\/h3>\n\n\n\n<p>Gold\u2019s momentum lifted other precious metals:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> rose <strong>1.6%<\/strong> to <strong>$31.245<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> added <strong>0.5%<\/strong> to <strong>$935.75<\/strong> per ounce<\/li>\n<\/ul>\n\n\n\n<p>While silver and platinum have lagged behind gold in recent weeks, they are now <strong>benefiting from broad-based weakness in the dollar<\/strong> and renewed demand for hard assets.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Copper Rises Modestly, But Trade War Limits Upside<\/h3>\n\n\n\n<p><strong>Copper prices edged higher<\/strong> Friday, helped by dollar weakness, but concerns about slowing global growth and falling industrial activity kept gains in check.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>LME copper futures<\/strong> rose <strong>0.6%<\/strong> to <strong>$8,959.80<\/strong> per ton<\/li>\n\n\n\n<li><strong>U.S. copper futures<\/strong> fell <strong>0.6%<\/strong> to <strong>$4.3675<\/strong> per pound<\/li>\n<\/ul>\n\n\n\n<p>Copper markets have struggled under the weight of <strong>demand concerns<\/strong>, particularly from <strong>China<\/strong>, the world\u2019s top copper importer. The industrial metal posted a modest rebound this week, but remains well below prior levels after a <strong>10.5% plunge<\/strong> last week in LME contracts and a <strong>14% drop<\/strong> in U.S. copper futures.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWith a full-blown U.S.-China trade war now underway and no clear path to resolution, traders fear continued pressure on global growth and commodity demand,\u201d analysts noted.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Outlook: Gold Eyes Further Highs Amid Economic Uncertainty<\/h3>\n\n\n\n<p>With no signs of a resolution to the U.S.-China conflict and financial markets still digesting the implications of steep tariffs, <strong>safe-haven flows are expected to remain strong<\/strong>. If the <strong>Federal Reserve signals a dovish shift<\/strong> in response to slowing inflation, gold could see <strong>further upside<\/strong>, potentially breaking new records in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices surged to an all-time high in Asian trading on Friday, extending a powerful rally as investors sought safety amid escalating trade tensions between the United States and China. A weaker dollar, falling demand for U.S.-linked assets, and rising volatility across financial markets continued to fuel the yellow metal\u2019s gains. As of 00:37 ET &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105524,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-113536","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113536","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=113536"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113536\/revisions"}],"predecessor-version":[{"id":113537,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113536\/revisions\/113537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105524"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}