US EditionGold: Will Tariffs and ETF Demand Drive Spot Prices Higher?
- Despite tariff threats from US President Donald Trump, gold prices failed to achieve new highs, peaking at $3030 per ounce on the trading day.
- Gold exchange-traded funds added 23 tonnes in one session, the largest increase since 2022, contributing to a total gain of 155 tonnes in the first quarter of 2025.
- Flatbed trucking rates have surged due to increased orders for inventory amid tariff concerns, leading to the highest pricing at the start of a year since 2017.
- Experts highlight that while current demand is not record-breaking, it exceeds levels seen during past freight recessions, particularly as companies stockpile supplies.
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Gold prices fall as the dollar rises
Shafaq News/ Gold prices fell during trading on Thursday, with the rise of the dollar and US Treasury bond yields, despite continued concerns about new tariffs imposed by the administration of US President Donald Trump, which kept prices above the $3,000 level per ounce. Spot gold prices fell by 0.1% to reach $3,016.71 per ounce at 1:30 p.m. ET (1730 GMT). US gold futures fell by 0.1% to settle at $3,022.50, according to Reuters. This comes afte…
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Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
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