• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

3 February 2025 20:54  |

Gold Futures Rise on Safe-Haven Demand Despite Dollar Strength,

Gold futures rose 0.2% to $2,839.60 an ounce, although a stronger U.S. dollar limited its upside potential as a safe haven. The precious metal is up 2.5% for the week and 6.3% so far this year. Gold started the week on a mixed note, balancing between risk aversion and a stronger U.S. dollar after President Trump imposed tariffs on Canada, Mexico and China, said Nikos Tzabouras of Tradu.com. After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe-haven demand, Tzabouras said in a note. However, the prospect of higher inflation under the tariffs and the potential for a resulting U.S. interest rate hike have also supported the dollar, which could limit gold’s rally and have added downward pressure, Tzabouras added.

Source: Dow Jones Newswires

Related News

GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Faces Selling Pressure Ahead Of PCE And Tariffs Due La...

Gold (XAU/USD) price is pulling back from its recent record high, currently standing at $2,800.93, with profit-taking still o...

31 January 2025 18:00
GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise, Kicking Off 2025 on a Positive Note

Gold futures rose, kicking off the new year on a positive note. Gold futures were up 0.3% at $2,647.90 a troy ounce. The mark...

2 January 2025 16:15
BIAS23.com NM23 Ai