{"id":116491,"date":"2025-07-11T12:22:21","date_gmt":"2025-07-11T08:22:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=116491"},"modified":"2025-07-11T12:22:23","modified_gmt":"2025-07-11T08:22:23","slug":"gold-prices-rise-amid-tariff-threats-and-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-rise-amid-tariff-threats-and-geopolitical-tensions\/07\/11\/market-updates\/","title":{"rendered":"Gold Prices Rise Amid Tariff Threats and Geopolitical Tensions"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Gold prices rose in Asian trade on Friday, recovering some recent losses as safe-haven demand was boosted by U.S. President Donald Trump\u2019s threats of more trade tariffs and ongoing geopolitical tensions in the Middle East.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Movements:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gold Prices:<\/strong> Spot gold rose <strong>0.5%<\/strong> to <strong>$3,341.27<\/strong> an ounce, while gold futures for September increased <strong>0.9%<\/strong> to <strong>$3,354.60\/oz<\/strong> by 01:28 ET (05:28 GMT).<\/li>\n\n\n\n<li><strong>Silver and Platinum:<\/strong> Silver and platinum were on track for strong weekly gains, significantly outperforming gold. Both metals reached fresh multi-year highs this week, with silver rising <strong>2.2%<\/strong> to <strong>$38.140\/oz<\/strong> and platinum gaining <strong>0.3%<\/strong> to <strong>$1,420.25\/oz<\/strong>, approaching an <strong>11-year high<\/strong>.<\/li>\n\n\n\n<li><strong>Copper:<\/strong> U.S. copper futures fell <strong>1.2%<\/strong> to <strong>$5.5620<\/strong> a pound, driven by profit-taking after Trump&#8217;s tariff threat on the red metal earlier this week. Benchmark copper futures on the London Metal Exchange were flat at <strong>$9,700.55<\/strong> a ton.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump\u2019s Tariff Threats and Safe-Haven Demand:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Canada Tariff Threat:<\/strong> Trump\u2019s announcement on Thursday evening that he would impose a <strong>35% tariff<\/strong> on Canada starting <strong>August 1<\/strong> added to market uncertainty, sparking a risk-off move in global markets. This move was a surprise, as trade relations had shown signs of improving.<\/li>\n\n\n\n<li><strong>Middle East Geopolitical Tensions:<\/strong> Continued escalation in the Israel-Hamas conflict, with little immediate progress towards a ceasefire, also contributed to heightened geopolitical risk, supporting demand for safe-haven assets like gold.<\/li>\n\n\n\n<li><strong>Dollar Impact:<\/strong> Despite the rise in gold, the <strong>stronger U.S. dollar<\/strong> limited gains across most metals. Gold remained range-bound between <strong>$3,300\/oz and $3,500\/oz<\/strong> for most of the year, weighed down by speculation about the Federal Reserve\u2019s interest rate path.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Platinum and Silver Outperform:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Platinum&#8217;s Bullish Trend:<\/strong> Platinum prices have been rising for six consecutive weeks, benefiting from a bullish industry report released in May. Platinum&#8217;s performance, coupled with stronger demand and tighter supply, continues to support its upward trajectory.<\/li>\n\n\n\n<li><strong>Silver&#8217;s Resilience:<\/strong> Silver prices saw a third consecutive week of gains, driven by strong demand and market optimism. The metal reached its highest level in nearly 14 years, outperforming gold amid increased speculative interest.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook:<\/strong><\/h3>\n\n\n\n<p>The market will likely continue to focus on <strong>Trump\u2019s trade tariffs<\/strong>, <strong>U.S. economic data<\/strong>, and the evolving situation in the <strong>Middle East<\/strong> for further directional cues.<\/p>\n\n\n\n<p>While gold remains supported by geopolitical tensions and tariff uncertainty, its upside is capped by the <strong>strong dollar<\/strong> and concerns over future U.S. interest rate decisions. Meanwhile, <strong>platinum and silver<\/strong> continue to benefit from improving fundamentals, including tighter supply and rising demand in industrial applications.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices rose in Asian trade on Friday, recovering some recent losses as safe-haven demand was boosted by U.S. President Donald Trump\u2019s threats of more trade tariffs and ongoing geopolitical tensions in the Middle East. Key Market Movements: Gold Prices: Spot gold rose 0.5% to $3,341.27 an ounce, while gold futures for September increased 0.9% &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99315,"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-116491","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\/116491","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=116491"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116491\/revisions"}],"predecessor-version":[{"id":116492,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116491\/revisions\/116492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99315"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}