Gold prices eased on Thursday after a sharp rise in the previous session as investors booked profits ahead of a long weekend, although softer dollar and escalating U.S.-China trade tensions kept bullion above the $3,300 per ounce level.
Ananya
Gold remains within striking distance of new record-high above $3,319
Gold price (XAU/USD) posts a fresh all-time high (ATH) near $3319 in Wednesday’s North American session. The precious metal remains an attractive investment amid heightening global trade tensions. The intensifying trade war between the United States (US) and China has forced financial market participants to stay on the safe-haven fleet, assuming that the tussle for dominance between them is painful for the global economy
Gold rates on April 16: Precious metal hits all-time high
Gold prices hit fresh all-time high levels on April 16 amid heightened global uncertainties. Concerns over US President Donald Trump’s reciprocal tariffs and their subsequent reversal made investors shift to safe-haven assets like gold.
Overbought gold appears vulnerable to a fall. Here’s what RSI, MACD, other technical indicators suggest
Gold bulls remain in high spirits hitting fresh lifetime highs on a regular basis. On Friday, the MCX gold contracts scaled a peak of Rs 93,588, surging by Rs 1555 or 1.7% taking cues from international prices. Yellow metal prices on the Comex were hovering around $3,237 per troy ounce, up by $59.50 or 1.9%.
Extreme volatility sends US stocks on a roller coaster ride as Wall Street is rattled by tariffs
US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.
Forecasting the upcoming week: Investors’ focus remain on tariffs, the Fed and inflation
The US Dollar Index (DXY) closed the week on the defensive and challenging its key 200-week SMA in the mid-102.00s, all against the backdrop of a marked retracement in US yields across the board. The NFIB Business Optimism Index is due on April 8 seconded by the API’s weekly report on US crude oil stockpiles.
Donald Trump levies reciprocal tariffs: Gold, silver bullion among top 50 exempt items. Full list here
US President Donald Trump announced reciprocal tariffs on India, China, and several other countries in the wee hours of Thursday morning, sending the global markets into a tizzy. While announcing the tariffs, the White House said that the non-tariff barriers also deprive the American manufacturers of reciprocal access to markets globally.
Oil prices ease despite Trump warning of possible tariffs on Russian buyers
Crude oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
Trump Tariffs LIVE: US flags India’s rising import duty barriers ahead of ‘Liberation Day’ deadline
Donald Trump Tariffs LIVE: The United States President, Donald Trump, is set to unveil a new set of tariffs for nations worldwide on Wednesday, April 2. Trump also branded the date as “Liberation Day,” when the administration seeks to boost domestic manufacturing, among other things.
Gold price reaches lifetime highs and counting
The safe-haven demand for the traditional store of value, Gold price, remains unabated amid a typical market unrest and panic situation, courtesy of Trump’s tariff plans. Investors scurry for safety in the bright metal, bracing for a raft of tariffs likely to be implemented as early as next week.