{"id":113703,"date":"2025-04-16T13:50:32","date_gmt":"2025-04-16T09:50:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113703"},"modified":"2025-04-16T14:41:16","modified_gmt":"2025-04-16T10:41:16","slug":"gold-hits-all-time-high-as-trade-tensions-and-nvidia-warning-stoke-market-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-all-time-high-as-trade-tensions-and-nvidia-warning-stoke-market-fears\/04\/16\/market-updates\/","title":{"rendered":"Gold Hits All-Time High as Trade Tensions and Nvidia Warning Stoke Market Fears"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Gold prices surged to a record high in Asian trading on Wednesday<\/strong>, powered by <strong>strong safe haven demand<\/strong> amid deepening <strong>U.S.-China trade tensions<\/strong> and mounting <strong>uncertainty over the global tech sector<\/strong>, after <strong>Nvidia issued a significant impairment warning<\/strong> tied to U.S. chip export restrictions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> jumped <strong>1.7% to $3,317.92\/oz<\/strong><\/li>\n\n\n\n<li><strong>Gold futures (June delivery)<\/strong> hit <strong>$3,299.52\/oz<\/strong>, also a new peak<\/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\">U.S. Trade Turmoil Keeps Gold in Demand<\/h3>\n\n\n\n<p>Investors flocked to gold as the <strong>Trump administration\u2019s trade policy shifts continued to roil markets<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trump reaffirmed a <strong>145% tariff on Chinese goods<\/strong>, prompting a <strong>125% retaliation from Beijing<\/strong><\/li>\n\n\n\n<li>While <strong>electronics were temporarily exempted<\/strong>, the White House is <strong>considering new tariffs on pharmaceuticals and semiconductors<\/strong><\/li>\n\n\n\n<li>A <strong>90-day exemption<\/strong> from some reciprocal tariffs provided short-term relief, but <strong>long-term uncertainty prevails<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The <strong>U.S. dollar weakened<\/strong> amid these developments, as traders also <strong>dumped Treasuries<\/strong>, adding further support to gold\u2019s bullish trajectory.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Nvidia $5.5 Billion Warning Shakes Confidence<\/h3>\n\n\n\n<p><strong>Nvidia (NASDAQ:NVDA)<\/strong> warned on Tuesday that it expects a <strong>$5.5 billion impairment<\/strong> in its Q1 earnings due to <strong>expanded U.S. chip export restrictions to China<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The move could block Nvidia and other U.S. chipmakers from selling into <strong>one of their largest markets<\/strong><\/li>\n\n\n\n<li>The announcement triggered a <strong>tech sell-off in both U.S. and Asian markets<\/strong>, amplifying <strong>risk-off sentiment<\/strong><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The restrictions could also <strong>curb Chinese progress in AI<\/strong>, prompting fears of further <strong>retaliatory action<\/strong> from Beijing and heightening <strong>strategic tech-sector tensions<\/strong> between the world\u2019s two largest economies.<\/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\">Other Precious Metals Mixed<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> rose <strong>0.5% to $32.455\/oz<\/strong>, supported by investor inflows into precious metals broadly<\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> edged <strong>0.1% lower to $968.95\/oz<\/strong>, underperforming as industrial demand concerns linger<\/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 Falls Despite Strong China Q1 GDP<\/h3>\n\n\n\n<p><strong>Industrial metal prices slipped<\/strong>, even as <strong>China reported better-than-expected Q1 GDP growth<\/strong> of <strong>5.4%<\/strong>, surpassing the forecasted <strong>5.2%<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>London copper futures<\/strong> fell <strong>0.6% to $9,108.85\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. copper futures<\/strong> dropped <strong>0.5% to $4.5920\/pound<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Despite the strong headline figure, <strong>traders remain skeptical<\/strong>, as the data <strong>predates the most recent wave of tariffs<\/strong>, and <strong>weaker performance is expected in Q2 and beyond<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><\/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 Rally May Continue if Tensions Persist<\/h3>\n\n\n\n<p>With geopolitical, tech, and economic uncertainties <strong>all converging<\/strong>, gold appears poised to <strong>remain elevated<\/strong>, especially as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Rate cuts loom<\/strong> in both Europe and the U.K.<\/li>\n\n\n\n<li><strong>The Fed faces pressure<\/strong> to act if trade tensions escalate further<\/li>\n\n\n\n<li><strong>The dollar continues to lose appeal<\/strong> as a haven compared to gold<\/li>\n<\/ul>\n\n\n\n<p>Unless a <strong>clear de-escalation in U.S.-China trade tensions<\/strong> or a <strong>rebound in risk appetite<\/strong> emerges, gold could test <strong>new highs above $3,300\/oz<\/strong>, while industrial metals and equities may continue to face headwinds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices surged to a record high in Asian trading on Wednesday, powered by strong safe haven demand amid deepening U.S.-China trade tensions and mounting uncertainty over the global tech sector, after Nvidia issued a significant impairment warning tied to U.S. chip export restrictions. Spot gold jumped 1.7% to $3,317.92\/oz Gold futures (June delivery) hit &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-113703","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\/113703","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=113703"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113703\/revisions"}],"predecessor-version":[{"id":113709,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113703\/revisions\/113709"}],"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=113703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}