{"id":116520,"date":"2025-07-12T00:14:48","date_gmt":"2025-07-11T20:14:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=116520"},"modified":"2025-07-12T00:15:52","modified_gmt":"2025-07-11T20:15:52","slug":"gold-surges-past-3350-amids-trumps-tariff-threats","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-surges-past-3350-amids-trumps-tariff-threats\/07\/12\/market-updates\/","title":{"rendered":"Gold Surges Past $3,350 Amids Trump\u2019s Tariff Threats"},"content":{"rendered":"\n<p>Gold prices climbed to $3,354, up nearly 1% from $3,322, driven by a risk-off market mood triggered by U.S. President Donald Trump\u2019s trade policies. His 35% tariffs on Canadian goods and proposed 15-20% duties on other trading partners have heightened global trade tensions, boosting demand for safe-haven assets like gold. Investors await key U.S. economic data, including June\u2019s Consumer Price Index (CPI), expected to rise to 2.6% year-on-year.<br><br><strong>Tariff Policies and Market Impact<br><\/strong><br>Trump\u2019s trade measures, including 50% tariffs on Brazilian and copper imports, threaten economic stability. The proposed 15-20% duties could increase U.S. consumer prices, pushing inflation above May\u2019s 2.4%. This complicates the Federal Reserve\u2019s price stability efforts, as noted by Chicago Fed President Austan Goolsbee, who emphasized jobs and inflation over rate cuts for debt relief. Gold\u2019s appeal strengthens as the U.S. Dollar Index (DXY) gains 0.87%, reflecting a risk-averse market.<br><br><strong>Economic Outlook and Policy Response<br><\/strong><br>Next week\u2019s U.S. data, including CPI, Retail Sales, and Initial Jobless Claims, will shape market expectations before the Federal Reserve\u2019s July 19 blackout period. Core CPI is projected at 2.8% year-on-year, with monthly figures at 0.3%. Flat Retail Sales and slightly lower Jobless Claims (225K) signal economic caution. Gold\u2019s technical outlook remains bullish, with the Relative Strength Index indicating buyer momentum above $3,350.<br><br>Policymakers as well as investors closely monitor tariff-driven inflation risks and pursue trade negotiations to mitigate disruptions. Investors can leverage gold\u2019s safe-haven status amid volatility, while tracking Federal Reserve speeches for policy signals. Until trade tensions ease, gold is likely to sustain its upward trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices climbed to $3,354, up nearly 1% from $3,322, driven by a risk-off market mood triggered by U.S. President Donald Trump\u2019s trade policies. His 35% tariffs on Canadian goods and proposed 15-20% duties on other trading partners have heightened global trade tensions, boosting demand for safe-haven assets like gold. Investors await key U.S. economic &hellip;<\/p>\n","protected":false},"author":13,"featured_media":116449,"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":[38,37,36],"tags":[],"class_list":["post-116520","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116520","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116520"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116520\/revisions"}],"predecessor-version":[{"id":116525,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116520\/revisions\/116525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}