{"id":113635,"date":"2025-04-15T12:51:39","date_gmt":"2025-04-15T08:51:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113635"},"modified":"2025-04-15T12:51:43","modified_gmt":"2025-04-15T08:51:43","slug":"gold-eases-slightly-but-holds-near-record-highs-amid-tariff-uncertainty-recession-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-eases-slightly-but-holds-near-record-highs-amid-tariff-uncertainty-recession-fears\/04\/15\/market-updates\/","title":{"rendered":"Gold Eases Slightly but Holds Near Record Highs Amid Tariff Uncertainty, Recession Fears"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Gold prices dipped modestly in Asian trading on Tuesday<\/strong>, but remained <strong>within striking distance of record highs<\/strong>, as <strong>safe-haven demand<\/strong> held firm amid ongoing <strong>U.S.-China trade tensions<\/strong> and <strong>growing fears of a global economic slowdown<\/strong>.<\/p>\n\n\n\n<p>As of <strong>01:51 ET (05:51 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> was down <strong>0.4% at $3,224.60<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Gold futures (June delivery)<\/strong> held steady at <strong>$3,240.85<\/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\">Trade War Uncertainty Supports Gold<\/h3>\n\n\n\n<p>While gold edged lower following a <strong>temporary boost in risk sentiment<\/strong>\u2014fueled by <strong>President Donald Trump\u2019s exemptions for electronics imports<\/strong>\u2014the overall <strong>macro backdrop remained supportive<\/strong> of bullion.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trump\u2019s 145% tariffs on China<\/strong> and <strong>Beijing\u2019s 125% retaliatory duties<\/strong> are still largely intact, reinforcing concerns of <strong>deepening geopolitical and trade-related instability<\/strong><\/li>\n\n\n\n<li>Trump also signaled <strong>more exemptions could be on the table<\/strong>, but <strong>upcoming tariffs on electronics and pharmaceuticals<\/strong> are expected to stir fresh volatility<\/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\">Recession Fears Add to Bullion\u2019s Appeal<\/h3>\n\n\n\n<p>Investors are increasingly <strong>pricing in the risk of a U.S. recession<\/strong>, especially with trade disruptions threatening to dampen business activity and consumer confidence. Although those fears <strong>briefly eased<\/strong> after Trump\u2019s 90-day tariff exemptions, <strong>expectations have resurfaced<\/strong> as the President <strong>prepares new sector-specific duties<\/strong>.<\/p>\n\n\n\n<p>The <strong>ongoing selloff in U.S. Treasuries<\/strong> and a <strong>weaker dollar<\/strong> have also boosted gold\u2019s appeal, particularly among international buyers.<\/p>\n\n\n\n<p>Gold remains just below its <strong>record high of $3,245.69\/oz<\/strong>, set earlier this month.<\/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 See Modest Gains<\/h3>\n\n\n\n<p>After lagging behind gold for much of the recent rally, other precious metals edged higher on Tuesday:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum futures<\/strong> were steady at <strong>$956.60\/oz<\/strong><\/li>\n\n\n\n<li><strong>Silver futures<\/strong> rose <strong>0.2% to $32.225\/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\">Copper Weakens as China Demand Outlook Dims<\/h3>\n\n\n\n<p>Among industrial metals, <strong>copper prices extended losses<\/strong> as <strong>concerns over Chinese demand<\/strong> and the <strong>impact of tariffs<\/strong> continued to weigh on the market.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>LME Copper Futures<\/strong> fell <strong>0.2% to $9,168.65<\/strong> per ton<\/li>\n\n\n\n<li><strong>U.S. Copper Futures<\/strong> declined <strong>0.8% to $4.6230<\/strong> per pound<\/li>\n<\/ul>\n\n\n\n<p>Monday\u2019s data showed a <strong>1.4% drop in China\u2019s copper imports<\/strong> in March, as speculative buying in U.S. markets redirected shipments.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe trade war has disrupted copper flows and raised concerns about Chinese consumption,\u201d said analysts. \u201cSlowing GDP forecasts only add to bearish sentiment.\u201d<\/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\">China GDP in Focus This Week<\/h3>\n\n\n\n<p>Market participants are closely watching for more <strong>economic signals from China<\/strong>, especially the release of <strong>first-quarter GDP figures on Thursday<\/strong>. The data will be key to assessing how much the trade war is impacting the world&#8217;s second-largest economy and <strong>top commodity importer<\/strong>.<\/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 Eyes Breakout, Copper Faces Pressure<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gold<\/strong> is likely to remain well-supported near current levels, especially if <strong>Trump announces new tariffs<\/strong> or <strong>China retaliates<\/strong>, escalating risk-off sentiment<\/li>\n\n\n\n<li><strong>Copper<\/strong> and other industrial metals may continue to face <strong>downward pressure<\/strong> amid weakening Chinese demand and growing concerns about <strong>global manufacturing slowdowns<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Traders will be monitoring:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tariff updates from Washington<\/li>\n\n\n\n<li>China\u2019s economic data<\/li>\n\n\n\n<li>Fed commentary later this week, especially <strong>Chair Powell\u2019s remarks on Wednesday<\/strong><\/li>\n<\/ul>\n\n\n\n<p>These factors could further influence both <strong>risk sentiment<\/strong> and <strong>commodity flows<\/strong> in the days ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices dipped modestly in Asian trading on Tuesday, but remained within striking distance of record highs, as safe-haven demand held firm amid ongoing U.S.-China trade tensions and growing fears of a global economic slowdown. As of 01:51 ET (05:51 GMT): Spot gold was down 0.4% at $3,224.60 per ounce Gold futures (June delivery) held &hellip;<\/p>\n","protected":false},"author":9,"featured_media":94938,"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-113635","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\/113635","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=113635"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113635\/revisions"}],"predecessor-version":[{"id":113636,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113635\/revisions\/113636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94938"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}