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.
Sell MCX Gold Below 76152, Sell on Rise, For Target Price 75330——74750
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Gold Weakens in Highly Volatile Trade Amid Uncertainty over Interest Rate Cut
On Friday, spot gold was highly choppy and volatile in reaction to the US nonfarm payroll report (August) as the report sent mixed signals on the possible pace of rate cuts that are likely to begin at the September FOMC meeting to be concluded on September 18, 2024. Fed officials’ comments on the US monetary policy also added to volatility in gold prices.
Gold MCX Update 06 September, 2024
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