US EditionGold surges past US$3,200 as economic concerns reignite record rally
- Gold prices surged past $3,200 per ounce, reaching $3,244.23 as concerns over economic consequences from trade tariffs grew.
- On April 2, President Donald Trump announced a baseline tariff of 10 percent on all imports and a 145 percent tariff on Chinese goods, which fueled uncertainty in global markets.
- The World Gold Council reported strong inflows in March, with total first-quarter inflows reaching $21 billion, marking it as the second highest quarterly total in dollar terms.
- Predictions indicate gold prices may continue to rise, with estimates of reaching $4,000 per ounce by year-end due to ongoing geopolitical tensions and central banks' gold accumulation.
82 Articles
82 Articles
Gold, Silver Rates Today: Gold gains amid trade fears, silver too shines on MCX | Check city-wise rates
Gold, Silver Prices Today: Gold prices in the domestic futures market surged on Tuesday, i.e. April 15, 2025, as safe-haven buying continues amid trade fears. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened today at Rs 93,496 per 10 grams, a gain of Rs 244 from the previous close of Rs 93,252. Last seen, it was trading at Rs 93,372 with a gain of Rs 120 or 0.13 per cent. Between this, it touched a low of Rs 93,250. Simila…
Gold prospers amid trade war havoc and weak dollar
The global gold price is projected to have a resistance level of US$3,360, says local trader Hua Seng Heng, after the safe-haven asset breached $3,200 an ounce for the first time on Friday, fuelled by a weaker dollar and the escalating trade war.
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