{"id":2595,"date":"2025-04-03T15:00:29","date_gmt":"2025-04-03T15:00:29","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2595"},"modified":"2025-04-03T15:00:29","modified_gmt":"2025-04-03T15:00:29","slug":"gold-hits-record-3167-as-trump-tariffs-rattle-global-markets","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2595","title":{"rendered":"Gold hits record $3,167 as Trump tariffs rattle global markets"},"content":{"rendered":"<div>Gold soared to a fresh record above $3,160 an ounce on Thursday after US President Donald Trump unveiled sweeping new tariffs on imports, fuelling fears of a global economic slowdown and boosting demand for safe-haven assets.<\/p>\n<p>The metal rose as much as 1.1% in early Asian trade, extending Wednesday\u2019s 0.7% gain, after Trump announced from the White House Rose Garden that the US will apply a minimum 10% levy on all exports to the country.<\/p>\n<p>Dozens of nations with high trade imbalances face steeper tariffs, with China hit with 34%, the European Union with 20%, and Vietnam with 46%, according to a White House factsheet.<\/p>\n<p>Gold, notably exempted from the tariff regime, was among the few commodities spared. Spot prices climbed to a peak of $3,167.84 an ounce, surpassing Tuesday\u2019s high of $3,149.<\/p>\n<p>\u201cInvestors are clearly bracing for economic turbulence,\u201d said a Hong Kong-based commodities strategist. \u201cGold\u2019s safe-haven appeal is shining through as geopolitical and trade risks rise.\u201d<\/p>\n<p>The latest rally brings gold\u2019s year-to-date gains to 20%, fuelled in part by record central bank purchases, ongoing inflationary pressures, and surging demand in Asia.<\/p>\n<p>While gold advanced, other precious metals showed mixed performance. Silver and palladium dipped, while platinum edged higher in thin trade.<\/p>\n<p>Traders are now watching for potential retaliation from trading partners, as well as moves by central banks which may intervene to stabilise markets.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold soared to a fresh record above $3,160 an ounce on Thursday after US President Donald Trump unveiled sweeping new tariffs on imports, fuelling fears of a global economic slowdown and boosting demand for safe-haven assets. The metal rose as much as 1.1% in early Asian trade, extending Wednesday\u2019s 0.7% gain, after Trump announced from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2595","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2595"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2595\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}