US EditionGold hits one-week high on safe-haven demand, Fed decision loom
- Gold prices rose sharply on Monday and Tuesday, reaching above $3,360 per ounce globally amid increased safe-haven demand and trade tensions.
- The gains followed US President Trump's announcement of a 100% tariff on overseas movies, escalating concerns about a potential global trade war.
- The weaker US dollar and expectations around the upcoming US Federal Reserve policy decision further supported the bullish momentum in gold prices.
- Spot gold hit $3,362.69 an ounce on Tuesday, its highest since April 22, while US gold futures rose 1.5% to $3,370.40 as investors awaited Fed Chair Powell's comments.
- The rising gold prices suggest continued investor caution amid trade uncertainties and indicate that the Fed’s policy action will be closely watched for market direction.
30 Articles
30 Articles
Gold hits two-week high on safe-haven demand ahead of Fed policy
Gold prices rose to a two-week high on Tuesday as concerns over U.S. President Donald Trump's tariff plans boosted interest in the safe-haven metal, while investors awaited the Federal Reserve policy meeting on Wednesday. Spot gold gained 0.9% to $3,362.69 an ounce as of 0632 GMT, after hitting its highest since April 22 earlier in the session. U.S. gold futures climbed 1.5% to $3,370.40. "Gold prices have a strong run-up to start this week, wit…
The Hamilton Spectator
Financial Post$14M in Jewels Hit Auction Block for $1 Amidst Tariff Turmoil
LAS VEGAS, May 06, 2025 (GLOBE NEWSWIRE) -- With rising tariffs, inflation, and economic uncertainty shaking global markets, investors are turning to gold and fine jewelry as a safe-haven asset. Now, a $14 million jewelry auction series at Lloyds Auctions…
Gold hits one-week high on safe-haven demand, Fed decision loom
KUALA LUMPUR: Gold prices climbed to a one-week high on Tuesday as rising concerns over US President Donald Trump's tariff plans boosted safe-haven demand, while investors also kept a close tab on the upcoming Federal Reserve policy meeting. © New Straits Times Press (M) Bhd
Gold rates surge by Rs7,800/tola
Gold prices in Pakistan witnessed a sharp increase on Monday, mirroring a global rally in the precious metal as a weaker US dollar and growing safe-haven demand pushed international prices higher ahead of a key policy decision by the US Federal Reserve later this week. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs7,800, reaching Rs350,000 in the local market. Similarly, the ra…
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