{"id":113858,"date":"2025-04-21T11:44:00","date_gmt":"2025-04-21T07:44:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113858"},"modified":"2025-04-21T11:40:20","modified_gmt":"2025-04-21T07:40:20","slug":"gold-hits-record-high-as-trumps-fed-overhaul-plan-and-russia-ukraine-escalation-spur-safe-haven-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-record-high-as-trumps-fed-overhaul-plan-and-russia-ukraine-escalation-spur-safe-haven-demand\/04\/21\/market-updates\/","title":{"rendered":"Gold Hits Record High as Trump\u2019s Fed Overhaul Plan and Russia-Ukraine Escalation Spur Safe-Haven Demand"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices surged to fresh all-time highs in Asian trading on Monday, driven by deepening uncertainty over U.S. monetary policy and a spike in geopolitical tensions following the expiration of a short-lived Russia-Ukraine truce.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> jumped <strong>1.4% to $3,396.16 per ounce<\/strong>.<\/li>\n\n\n\n<li><strong>Gold futures (June delivery)<\/strong> surged <strong>1.8% to $3,388.20 an ounce<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The rally comes as investors sought refuge in safe-haven assets amid a falling U.S. dollar, political pressure on the Federal Reserve, and renewed conflict in Eastern Europe.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Trump\u2019s Federal Reserve Overhaul Plan Shakes Confidence<\/h3>\n\n\n\n<p>The main catalyst behind Monday\u2019s surge was a sharp drop in the <strong>U.S. dollar<\/strong>, following President <strong>Donald Trump\u2019s plan to restructure the Federal Reserve<\/strong>.<\/p>\n\n\n\n<p>White House economic advisor <strong>Kevin Hassett<\/strong> confirmed Friday that Trump and his legal team were examining ways to <strong>dismiss Fed Chair Jerome Powell<\/strong>.<\/p>\n\n\n\n<p>The move intensified fears of <strong>political interference in monetary policy<\/strong>, undermining confidence in the Fed\u2019s independence and further weakening the dollar.<\/p>\n\n\n\n<p>The <strong>U.S. Dollar Index<\/strong> slumped to its lowest level in three years, enhancing the appeal of gold, which becomes more attractive to foreign buyers when the dollar declines.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Russia-Ukraine Conflict Reignites After Ceasefire<\/h3>\n\n\n\n<p>Gold also found support from <strong>heightened geopolitical tensions<\/strong>, as Russia launched fresh missile and drone attacks on Ukraine <strong>early Monday<\/strong>, hours after the end of a <strong>one-day ceasefire<\/strong> declared for <strong>Orthodox Easter<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Kremlin confirmed that the truce would <strong>not be extended<\/strong>.<\/li>\n\n\n\n<li>Both <strong>Kyiv and Moscow<\/strong> traded blame for violating the Easter ceasefire.<\/li>\n<\/ul>\n\n\n\n<p>The renewed violence added to broader global uncertainty, reinforcing gold\u2019s traditional role as a <strong>safe-haven hedge<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Broader Precious Metals and Copper React<\/h3>\n\n\n\n<p><strong>Silver and platinum<\/strong> also saw mixed moves:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> rose <strong>1% to $32.773 an ounce<\/strong><\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> were flat at <strong>$978.00 an ounce<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Meanwhile, <strong>copper prices<\/strong> edged higher, supported by the weaker dollar but capped by <strong>fears over ongoing U.S.-China trade tensions<\/strong>. China, the world&#8217;s largest copper importer, is currently facing a cumulative <strong>145% tariff<\/strong> on its exports to the U.S.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>London Metal Exchange copper futures<\/strong> rose <strong>0.3% to $9,231.00 per ton<\/strong><\/li>\n\n\n\n<li><strong>May copper futures<\/strong> gained <strong>0.8% to $4.4733 per pound<\/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\">Outlook<\/h3>\n\n\n\n<p>With uncertainty mounting on several fronts\u2014from <strong>U.S. monetary leadership<\/strong> to <strong>escalating global conflicts<\/strong>\u2014market appetite for gold and other traditional stores of value appears set to remain strong.<\/p>\n\n\n\n<p>Investors will be closely watching:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Further developments in <strong>Trump\u2019s actions against the Fed<\/strong><\/li>\n\n\n\n<li><strong>Russia\u2019s next military steps in Ukraine<\/strong><\/li>\n\n\n\n<li><strong>Upcoming economic data<\/strong>, especially on inflation and central bank policies<\/li>\n<\/ul>\n\n\n\n<p>The combination of <strong>monetary instability<\/strong>, <strong>geopolitical risk<\/strong>, and <strong>central bank gold buying<\/strong> continues to build a powerful bullish narrative for the metal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices surged to fresh all-time highs in Asian trading on Monday, driven by deepening uncertainty over U.S. monetary policy and a spike in geopolitical tensions following the expiration of a short-lived Russia-Ukraine truce. Spot gold jumped 1.4% to $3,396.16 per ounce. Gold futures (June delivery) surged 1.8% to $3,388.20 an ounce. The rally comes &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":[38,6827,49,36],"tags":[],"class_list":["post-113858","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113858","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=113858"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113858\/revisions"}],"predecessor-version":[{"id":113861,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113858\/revisions\/113861"}],"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=113858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}