{"id":113574,"date":"2025-04-14T10:53:18","date_gmt":"2025-04-14T06:53:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113574"},"modified":"2025-04-14T10:53:21","modified_gmt":"2025-04-14T06:53:21","slug":"gold-pulls-back-from-record-high-as-u-s-signals-partial-tariff-relief-but-outlook-remains-bullish","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-pulls-back-from-record-high-as-u-s-signals-partial-tariff-relief-but-outlook-remains-bullish\/04\/14\/market-updates\/","title":{"rendered":"Gold Pulls Back From Record High as U.S. Signals Partial Tariff Relief, But Outlook Remains Bullish"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>Gold prices edged lower on Monday<\/strong>, retreating slightly from last week\u2019s record highs as <strong>risk appetite improved<\/strong> following news that the U.S. may <strong>exclude electronic goods<\/strong> from its steep tariff hike on Chinese imports. However, ongoing trade war fears, a weak dollar, and dovish signals from the Federal Reserve kept gold well-supported above <strong>$3,200 per ounce<\/strong>.<\/p>\n\n\n\n<p>As of <strong>01:12 ET (05:12 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> was down <strong>0.3% at $3,225.79\/oz<\/strong>, but remained close to its all-time high of <strong>$3,245.69<\/strong> hit last week<\/li>\n\n\n\n<li><strong>Gold futures (June delivery)<\/strong> slipped <strong>0.1% to $3,240.87\/oz<\/strong><\/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\">Tariff Exemptions Offer Brief Relief, But Trade War Tensions Persist<\/h3>\n\n\n\n<p>Gold prices came under modest pressure as markets digested <strong>White House comments over the weekend<\/strong> confirming that <strong>electronic goods will be exempt<\/strong>\u2014for now\u2014from the <strong>145% tariffs<\/strong> announced by President <strong>Donald Trump<\/strong> last week. This triggered a bounce in <strong>Asian equities and U.S. stock futures<\/strong>, slightly denting safe-haven demand.<\/p>\n\n\n\n<p>However, Trump quickly <strong>tempered market optimism<\/strong>, stating that electronic goods would <strong>still face a 20% tariff<\/strong> and that <strong>separate levies on electronics were forthcoming<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis isn&#8217;t over,\u201d said analysts. \u201cMarkets are still deeply uneasy as trade tensions continue to evolve, and gold remains a go-to hedge in this environment.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Beijing has <strong>retaliated with 125% tariffs<\/strong> on U.S. goods and has shown <strong>no willingness to back down<\/strong>, instead signaling intent to strengthen trade ties with other global partners. This leaves the broader trade war narrative unresolved and likely to remain a key driver for gold in the weeks ahead.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Fed Easing Signals, Weak Dollar Support Bullion<\/h3>\n\n\n\n<p>Adding to gold\u2019s resilience was ongoing <strong>dollar weakness<\/strong>, with the <strong>U.S. Dollar Index near multi-month lows<\/strong>, and <strong>falling Treasury prices<\/strong>, even as yields rose.<\/p>\n\n\n\n<p>Traders are increasingly pricing in <strong>at least a 50% chance of a U.S. recession in 2024<\/strong>, further fueling expectations that the <strong>Federal Reserve could cut rates<\/strong> this year\u2014another bullish tailwind 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\">Goldman Sachs Raises 2025 Gold Forecast to $3,700<\/h3>\n\n\n\n<p>In a bullish note on Sunday, <strong>Goldman Sachs<\/strong> raised its <strong>2025 gold price target to $3,700\/oz<\/strong>, up from $3,300, citing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Surging safe-haven demand<\/strong> amid rising geopolitical and economic risks<\/li>\n\n\n\n<li>Growing <strong>recession fears<\/strong> in the U.S.<\/li>\n\n\n\n<li>A broader <strong>investor rotation into hard assets<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In a <strong>worst-case scenario<\/strong>, Goldman warned, gold could spike as high as <strong>$4,500\/oz<\/strong> by the end of 2025.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Broader Metals Mixed; Platinum Rises, Silver Dips<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum futures<\/strong> gained <strong>0.8% to $951.90\/oz<\/strong>, continuing their gradual recovery<\/li>\n\n\n\n<li><strong>Silver futures<\/strong> fell <strong>0.3% to $31.827\/oz<\/strong>, lagging gold despite dollar weakness<\/li>\n<\/ul>\n\n\n\n<p><strong>Copper<\/strong> steadied, with <strong>LME copper futures<\/strong> holding at <strong>$9,152.90\/ton<\/strong>, as traders balanced trade-related demand concerns with a softer greenback.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Outlook: Gold Still Positioned for Strength<\/h3>\n\n\n\n<p>While Monday\u2019s modest pullback reflects a short-term uptick in risk appetite, the <strong>underlying drivers of gold\u2019s rally remain intact<\/strong>\u2014including the <strong>U.S.-China tariff war<\/strong>, <strong>global recession risks<\/strong>, and <strong>central bank easing signals<\/strong>.<\/p>\n\n\n\n<p>With geopolitical instability still dominating headlines, gold is expected to <strong>remain a core defensive asset<\/strong>, and analysts anticipate <strong>strong institutional and retail demand<\/strong> if trade tensions deepen or economic data weakens further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower on Monday, retreating slightly from last week\u2019s record highs as risk appetite improved following news that the U.S. may exclude electronic goods from its steep tariff hike on Chinese imports. However, ongoing trade war fears, a weak dollar, and dovish signals from the Federal Reserve kept gold well-supported above $3,200 per &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":[38,6827,49,37,36],"tags":[],"class_list":["post-113574","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\/113574","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=113574"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113574\/revisions"}],"predecessor-version":[{"id":113575,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113574\/revisions\/113575"}],"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=113574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}