GOLD RISES ABOVE $3160 AS US TARIFFS STOKE UNCERTAINTY

Published on Apr 02, 2025 14:21

Gold surged past $3163 per ounce as investors turned to safe-haven assets amid looming US tariffs that could escalate global trade tensions. The White House remained vague on details, but Trump hinted at broad levies, adding to market uncertainty. A weaker US dollar, trading below 104, further supported gold. Soft US jobs data and a poor manufacturing report also fueled bets on a slower economy. MCX June gold futures gained ₹316 to ₹91,191 per 10 grams. Traders now focus on the ADP employment report and Friday�s nonfarm payrolls for insights into the Fed�s rate path.