GOLD`S WEEKLY RALLY CONTINUES AS TARIFF FEARS BOOST DEMAND

Published on Feb 14, 2025 14:53

Gold futures nudged above $2960 per ounce, extending a seven-week rally as safe-haven demand surged amid mounting trade tariff concerns. President Trump`s move to explore tariff adjustments has fueled worries of escalating global trade tensions, bolstering investor interest in gold. Meanwhile, a weaker U.S. dollar and robust inflation data�reinforcing expectations that the Federal Reserve will hold off on cutting rates�are further supporting the precious metal, making it an attractive hedge for both domestic and international buyers. MCX April bullion futures traded with sturdy gains of over Rs 500 at Rs 86275 per 10 grams having hit the all-time high of Rs 86360 earlier in the week.