Gold prices rose more than 1% on Tuesday as safe-haven demand boosted gold amid uncertainty over controversial trade policies proposed by US President Donald Trump. Yellow Metal bounced off a daily low of $2,892 to trade at $2,933.
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Gold rises as Trump tariff uncertainty fuels safe-haven demand
Feb 19, 2025 (Gold Silver Reports) – Gold prices rose over 1% on Tuesday as concerns over economic growth, due to uncertainty surrounding U.S. President Donald Trump’s tariff plans, prompted safe-haven flows into bullion.
Gold extends gains as Trump tariffs fuel safe haven flows
Gold prices rose for a second straight session on Tuesday, but traded below the recent all-time highs, as uncertainty around U.S. President Donald Trump’s tariff plans continued to fuel economic growth concerns and safe haven flows into bullion.
Gold Price Today: Yellow Metal Makes New High, Crosses Rs 80,730/10gms mark
MCX Gold April futures contracts on the MCX rose 0.15% (Rs 124) today, reaching a new all-time high of Rs 80,730 per 10 grams, marking the 2nd consecutive session of price gains.
Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine
Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.