{"id":113952,"date":"2025-04-23T11:53:16","date_gmt":"2025-04-23T07:53:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113952"},"modified":"2025-04-23T11:53:20","modified_gmt":"2025-04-23T07:53:20","slug":"gold-prices-slip-as-trump-soothes-market-fears-touts-tariff-cuts-and-supports-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-slip-as-trump-soothes-market-fears-touts-tariff-cuts-and-supports-fed\/04\/23\/market-updates\/","title":{"rendered":"Gold Prices Slip as Trump Soothes Market Fears, Touts Tariff Cuts and Supports Fed"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices edged lower in Asian trading on Wednesday, retreating further from this week\u2019s record highs after <strong>U.S. President Donald Trump struck a conciliatory tone<\/strong> on both <strong>China trade tariffs<\/strong> and the <strong>Federal Reserve<\/strong>, fueling a shift from safe-haven assets to riskier bets.<\/p>\n\n\n\n<p>As of <strong>01:22 ET (05:22 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> fell <strong>1%<\/strong> to <strong>$3,347.54\/oz<\/strong><\/li>\n\n\n\n<li><strong>Gold futures (June expiry)<\/strong> dropped <strong>1.8%<\/strong> to <strong>$3,356.99\/oz<\/strong><\/li>\n\n\n\n<li>This pullback follows a record high of <strong>$3,500.33\/oz<\/strong> touched just one day earlier.<\/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\"><strong>Trump\u2019s Softer Tone Cools Risk Aversion<\/strong><\/h3>\n\n\n\n<p>Markets reacted swiftly to Trump\u2019s Tuesday comments indicating:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>He was open to <strong>lowering tariffs on China<\/strong>, contingent on Beijing\u2019s willingness to negotiate.<\/li>\n\n\n\n<li>He <strong>walked back threats<\/strong> to remove <strong>Fed Chair Jerome Powell<\/strong>, reducing fears about the central bank\u2019s independence.<\/li>\n<\/ul>\n\n\n\n<p>These remarks eased investor anxiety over a potential <strong>U.S. recession<\/strong>, reducing demand for <strong>safe-haven gold<\/strong> and prompting a <strong>broad rally in equities<\/strong>.<\/p>\n\n\n\n<p>Additionally, a <strong>modest rebound in the dollar<\/strong> contributed to the retreat in gold, as a stronger dollar typically makes gold less attractive to foreign investors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U.S.-China Trade Outlook Still Clouded<\/strong><\/h3>\n\n\n\n<p>Despite Trump\u2019s comments and <strong>Treasury Secretary Scott Bessent<\/strong> calling the trade war \u201cunsustainable,\u201d <strong>China has shown no signs of capitulation<\/strong>. The current tariff regime\u2014<strong>145% U.S. tariffs<\/strong> and <strong>125% Chinese countermeasures<\/strong>\u2014remains intact, sustaining a level of geopolitical risk that continues to offer <strong>some support to gold<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Metals Mixed on Sentiment Shift<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver futures<\/strong> fell <strong>0.6%<\/strong> to <strong>$32.720\/oz<\/strong><\/li>\n\n\n\n<li><strong>Platinum futures<\/strong> rose <strong>0.7%<\/strong> to <strong>$961.70\/oz<\/strong><\/li>\n\n\n\n<li><strong>Copper<\/strong> extended gains on optimism over China\u2019s economic outlook:\n<ul class=\"wp-block-list\">\n<li><strong>London copper futures<\/strong> +0.4% to <strong>$9,424.20\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. copper futures<\/strong> +1.1% to <strong>$4.9020\/lb<\/strong><\/li>\n<\/ul>\n<\/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\"><strong>JP Morgan: Gold to Reach $4,000\/oz by Mid-2026<\/strong><\/h3>\n\n\n\n<p>JP Morgan reaffirmed its <strong>bullish gold forecast<\/strong>, projecting a rise to <strong>$4,000\/oz by Q2 2026<\/strong> due to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prolonged global uncertainty<\/li>\n\n\n\n<li>Recession risks stemming from tariffs and trade disruptions<\/li>\n\n\n\n<li>Strong <strong>central bank buying<\/strong><\/li>\n<\/ul>\n\n\n\n<p>However, the bank also outlined <strong>two key downside risks<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A <strong>sudden drop in central bank demand<\/strong><\/li>\n\n\n\n<li><strong>Unexpected strength in the U.S. economy<\/strong>, which could reduce the need for gold as a hedge<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h3>\n\n\n\n<p>While today&#8217;s dip reflects <strong>profit-taking<\/strong> and a <strong>cooling of risk aversion<\/strong>, the <strong>underlying macro environment remains volatile<\/strong>. Investors are expected to keep gold on their radar, particularly as <strong>Trump\u2019s policy decisions remain fluid<\/strong> and <strong>U.S.-China trade dynamics<\/strong> evolve.<\/p>\n\n\n\n<p>Gold may face <strong>short-term headwinds<\/strong>, but analysts continue to see <strong>strong long-term fundamentals<\/strong> for the yellow metal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower in Asian trading on Wednesday, retreating further from this week\u2019s record highs after U.S. President Donald Trump struck a conciliatory tone on both China trade tariffs and the Federal Reserve, fueling a shift from safe-haven assets to riskier bets. As of 01:22 ET (05:22 GMT): Spot gold fell 1% to $3,347.54\/oz &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":[38,36],"tags":[],"class_list":["post-113952","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113952","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=113952"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113952\/revisions"}],"predecessor-version":[{"id":113953,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113952\/revisions\/113953"}],"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=113952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}