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Gold prices climbed further in Asian trading on Thursday, continuing a strong upward trend fueled by rising demand for safe-haven assets amid deepening concerns over the United States\u2019 fiscal outlook and lingering geopolitical tensions in the Middle East.<\/p>\n\n\n\n
Spot gold<\/strong> rose 0.7% to $3,338.04 an ounce<\/strong>, while June gold futures<\/strong> gained 0.8% to $3,339.20<\/strong>, as of 01:27 ET (05:27 GMT).<\/p>\n\n\n\n The metal\u2019s strength this week has been underpinned by investor anxiety over ballooning U.S. government debt, especially following Moody\u2019s downgrade of the U.S. credit rating<\/strong>. That move has rattled markets and prompted a rotation out of U.S. Treasuries and the dollar into gold, pushing Treasury yields higher<\/strong> and weighing on greenback sentiment.<\/p>\n\n\n\n The House of Representatives is also preparing for a crucial floor vote on President Donald Trump\u2019s tax-cut and spending bill<\/strong>, which proposes to extend the 2017 tax cuts while adding further outlays for border and defense spending. Analysts warn the legislation could further inflate the $36 trillion U.S. debt pile<\/strong>, intensifying fiscal risks.<\/p>\n\n\n\n This backdrop of rising debt, volatile bond markets, and policy uncertainty has pushed gold higher, reaffirming its role as a hedge against systemic risks.<\/p>\n\n\n\n Gold was also supported by geopolitical risk, after reports earlier this week<\/strong> indicated Israel was preparing for a potential strike on Iran\u2019s nuclear facilities<\/strong>. Although news of renewed nuclear negotiations between Tehran and Washington<\/strong> has calmed fears of an immediate escalation, Israel\u2019s military posture remains unchanged, with officials stating they are “ready to act” if diplomacy fails.<\/p>\n\n\n\n This ongoing uncertainty in the Middle East continues to keep safe-haven demand elevated, supporting both gold and other precious metals<\/strong>.<\/p>\n\n\n\n In the industrial metals space, copper prices advanced<\/strong> Thursday, supported by a weaker dollar and fresh optimism over economic stimulus from China<\/strong>, the world\u2019s top consumer of the red metal.<\/p>\n\n\n\n Earlier this week, China\u2019s central bank cut its benchmark loan prime rate<\/strong>, signaling a shift toward looser monetary policy. The move is seen as a precursor to broader stimulus measures aimed at propping up domestic demand and reviving manufacturing activity\u2014both crucial for copper demand.<\/p>\n\n\n\n Trade relations between the U.S. and China remain fragile, but market participants are cautiously optimistic that recent tariff pauses could lead to broader economic cooperation<\/strong>, lending further support to metals.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices climbed further in Asian trading on Thursday, continuing a strong upward trend fueled by rising demand for safe-haven assets amid deepening concerns over the United States\u2019 fiscal outlook and lingering geopolitical tensions in the Middle East. Spot gold rose 0.7% to $3,338.04 an ounce, while June gold futures gained 0.8% to $3,339.20, as …<\/p>\n","protected":false},"author":9,"featured_media":81236,"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-114738","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\/114738","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=114738"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114738\/revisions"}],"predecessor-version":[{"id":114739,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114738\/revisions\/114739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81236"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Safe-Haven Demand Rises on U.S. Debt and Tax Bill<\/h3>\n\n\n\n
Middle East Tensions Add Fuel<\/h3>\n\n\n\n
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Copper Rises on China Stimulus Hopes<\/h3>\n\n\n\n
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