{"id":114004,"date":"2025-04-24T10:25:22","date_gmt":"2025-04-24T06:25:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=114004"},"modified":"2025-04-24T10:25:25","modified_gmt":"2025-04-24T06:25:25","slug":"gold-rebounds-sharply-as-u-s-china-trade-uncertainty-and-russia-ukraine-escalation-fuel-haven-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rebounds-sharply-as-u-s-china-trade-uncertainty-and-russia-ukraine-escalation-fuel-haven-demand\/04\/24\/market-updates\/","title":{"rendered":"Gold Rebounds Sharply as U.S.-China Trade Uncertainty and Russia-Ukraine Escalation Fuel Haven Demand"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><em>Gold prices jumped in Asian trading Thursday, rebounding from recent losses as safe-haven appetite strengthened amid renewed tensions between the U.S. and China and a deadly escalation in the Russia-Ukraine conflict.<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot Gold<\/strong> surged <strong>1.3% to $3,331.34\/oz<\/strong><\/li>\n\n\n\n<li><strong>Gold Futures (June delivery)<\/strong> climbed <strong>1.4% to $3,341.25\/oz<\/strong> by 01:37 ET (05:37 GMT)<\/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>Trade War Doubts Reverse Gold&#8217;s Pullback<\/strong><\/h3>\n\n\n\n<p>Gold had retreated earlier this week from record highs after <strong>President Donald Trump hinted<\/strong> at a possible <strong>reduction in the 145% tariffs on China<\/strong>. However, <strong>conflicting signals<\/strong> from other administration officials and Beijing\u2019s continued resistance to negotiations dashed hopes of a near-term de-escalation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>China retaliated<\/strong> with <strong>125% tariffs<\/strong>, showing <strong>no signs of backing down<\/strong><\/li>\n\n\n\n<li>Treasury Secretary <strong>Scott Bessent<\/strong> warned that any resolution could be a \u201c<strong>slog<\/strong>\u201d and suggested that the U.S. might have to <strong>cut tariffs first<\/strong> to bring China to the table<\/li>\n<\/ul>\n\n\n\n<p>These mixed messages rekindled <strong>risk aversion<\/strong>, keeping traders cautious toward <strong>the dollar and U.S. Treasuries<\/strong>, and <strong>returning support to gold<\/strong> and other safe havens like the <strong>Japanese yen<\/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>Russia-Ukraine Tensions Add to Risk Aversion<\/strong><\/h3>\n\n\n\n<p>Tensions escalated further after <strong>Russia launched drone and missile strikes on Kyiv<\/strong> Wednesday, just as <strong>U.S.-brokered ceasefire talks<\/strong> with Ukraine wavered. The attack followed <strong>Trump\u2019s criticism of Ukrainian President Volodymyr Zelenskiy<\/strong> and signals from VP <strong>JD Vance<\/strong> that the U.S. may <strong>withdraw from the negotiation process<\/strong>.<\/p>\n\n\n\n<p>Several top-level American officials have reportedly dropped out of <strong>London-based peace discussions<\/strong>, adding another layer of geopolitical uncertainty fueling gold&#8217;s appeal.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook: Gold Near Record High, JPMorgan Sees $4,000 by 2026<\/strong><\/h3>\n\n\n\n<p>Spot gold remains in striking distance of its recent <strong>$3,500\/oz all-time high<\/strong>, with <strong>JP Morgan forecasting<\/strong> a rise to <strong>$4,000\/oz by Q2 2026<\/strong>, citing persistent geopolitical risk, central bank buying, and growing fears of a global economic slowdown tied to protectionist U.S. policies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Precious and Industrial Metals Mixed<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum Futures<\/strong>: +0.1% to <strong>$979.75\/oz<\/strong><\/li>\n\n\n\n<li><strong>Silver Futures<\/strong>: \u20130.4% to <strong>$33.390\/oz<\/strong><\/li>\n\n\n\n<li><strong>Copper (LME)<\/strong>: \u20130.1% to <strong>$9,371.35\/ton<\/strong><\/li>\n\n\n\n<li><strong>U.S. Copper Futures<\/strong>: flat at <strong>$4.8348\/lb<\/strong><\/li>\n<\/ul>\n\n\n\n<p>While industrial metals like copper remain supported by the weaker dollar, fears of <strong>slowing global trade<\/strong> are starting to weigh on demand expectations, especially as the <strong>U.S.-China trade war drags on<\/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>Key Takeaway<\/strong><\/h3>\n\n\n\n<p>Gold&#8217;s bounce underscores that <strong>market sentiment remains fragile<\/strong>, with <strong>safe-haven flows intensifying<\/strong> on every sign of <strong>political and economic instability<\/strong>. Despite temporary pullbacks, the yellow metal\u2019s <strong>uptrend remains intact<\/strong> as long as <strong>uncertainty over trade, inflation, and war lingers<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices jumped in Asian trading Thursday, rebounding from recent losses as safe-haven appetite strengthened amid renewed tensions between the U.S. and China and a deadly escalation in the Russia-Ukraine conflict. Spot Gold surged 1.3% to $3,331.34\/oz Gold Futures (June delivery) climbed 1.4% to $3,341.25\/oz by 01:37 ET (05:37 GMT) Trade War Doubts Reverse Gold&#8217;s &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-114004","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\/114004","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=114004"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114004\/revisions"}],"predecessor-version":[{"id":114005,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114004\/revisions\/114005"}],"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=114004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}