{"id":118341,"date":"2025-09-02T11:51:00","date_gmt":"2025-09-02T07:51:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118341"},"modified":"2025-09-02T11:58:01","modified_gmt":"2025-09-02T07:58:01","slug":"gold-hits-record-high-as-tariff-uncertainty-and-fed-rate-cut-bets-fuel-rally","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-hits-record-high-as-tariff-uncertainty-and-fed-rate-cut-bets-fuel-rally\/09\/02\/market-updates\/","title":{"rendered":"Gold Hits Record High as Tariff Uncertainty and Fed Rate Cut Bets Fuel Rally"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Gold prices surged to a fresh record high in Asian trading on Tuesday, as persistent bets on U.S. interest rate cuts<\/strong> and heightened uncertainty over U.S. President Donald Trump\u2019s trade tariffs<\/strong> boosted safe-haven demand. The dollar\u2019s slide to a five-week low also amplified momentum across broader metal markets.<\/p>\n\n\n\n

Gold at All-Time High<\/h3>\n\n\n\n
    \n
  • Spot gold<\/strong> jumped 0.8% to $3,508.54\/oz<\/strong>, before trimming gains to trade 0.5% higher at $3,494.56\/oz<\/strong> by 01:25 ET (05:25 GMT).<\/li>\n\n\n\n
  • Gold futures (December)<\/strong> surged to a peak of $3,578.20\/oz<\/strong>, also marking fresh highs.<\/li>\n\n\n\n
  • The yellow metal is riding its fifth straight session of gains<\/strong>, after climbing nearly 5% in August<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    Tariff Ruling Sparks Uncertainty<\/h3>\n\n\n\n

    Gold\u2019s rally was reinforced after a U.S. appeals court ruled Trump\u2019s sweeping tariffs illegal<\/strong>. While the duties remain in place until mid-October<\/strong> pending a Supreme Court appeal, the decision amplified market uncertainty<\/strong> over U.S. trade policy.<\/p>\n\n\n\n

      \n
    • Analysts warn that a reversal of tariffs could force Washington to revisit trade deals<\/strong> with partners, clouding the outlook for global commerce.<\/li>\n\n\n\n
    • This comes as many of Trump\u2019s tariffs, introduced in August, are already feeding into inflation expectations.<\/li>\n<\/ul>\n\n\n\n

      Rate Cut Bets Power Gold<\/h3>\n\n\n\n

      Despite sticky inflation, traders are firmly betting on a 25bps cut at the Fed\u2019s September meeting<\/strong>, with CME FedWatch showing an 85% probability<\/strong>.<\/p>\n\n\n\n

        \n
      • Fed Chair Jerome Powell<\/strong> hinted at possible easing but remains cautious about inflation risks from tariffs.<\/li>\n\n\n\n
      • The dollar index\u2019s retreat to a five-week low<\/strong> supported non-yielding assets like gold, which become more attractive when yields fall.<\/li>\n<\/ul>\n\n\n\n

        Silver and Platinum Outperform<\/h3>\n\n\n\n
          \n
        • Silver<\/strong> touched a 14-year high<\/strong>, climbing above $40\/oz<\/strong> for the first time since 2011, before easing to $40.75\/oz<\/strong>.<\/li>\n\n\n\n
        • Platinum<\/strong> advanced 0.7% to $1,421.55\/oz<\/strong>, staying near an 11-year high<\/strong>.
          Both metals have outpaced gold in recent months<\/strong>, driven by relative undervaluation and speculative inflows.<\/li>\n<\/ul>\n\n\n\n

          Copper Supported by China PMI<\/h3>\n\n\n\n

          Among industrial metals, copper prices<\/strong> held firm as mixed Chinese PMI data spurred hopes for fresh stimulus from Beijing<\/strong>.<\/p>\n\n\n\n

          A private survey, however, indicated factory expansion at the fastest pace in five months<\/strong>, hinting at potential recovery in industrial demand.<\/p>\n\n\n\n

          Official PMI showed a fifth straight month of contraction.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Gold prices surged to a fresh record high in Asian trading on Tuesday, as persistent bets on U.S. interest rate cuts and heightened uncertainty over U.S. President Donald Trump\u2019s trade tariffs boosted safe-haven demand. The dollar\u2019s slide to a five-week low also amplified momentum across broader metal markets. Gold at All-Time High Spot gold jumped …<\/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":[38,37,36],"tags":[],"class_list":["post-118341","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\/118341","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=118341"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118341\/revisions"}],"predecessor-version":[{"id":118342,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118341\/revisions\/118342"}],"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=118341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}