• Mon, Feb 9, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

1 April 2025 16:04  |

Gold Hits All-Time High Amid Tariff Concerns

Gold prices hit an all-time high on Tuesday amid strong demand for safe havens driven by concerns that US retaliatory tariffs might fuel inflationary pressures and hinder economic growth.

Spot gold rose 0.2% to $3,131.00 per ounce, after hitting a record high of $3,148.88 earlier in the session.

Gold futures also gained to reach $3,158.50 per ounce.

In the previous session, gold prices recorded their highest quarterly performance since 1986.

"The anticipation of the April 2 US reciprocal tariffs has led market participants to lean towards a defensive stance, with some de-risking and turning to safe-haven gold as a hedge against impending portfolio volatility," IG market strategist Yeap Jun Rong said.

The uncertainty could sustain gold's traction for now, with buyers eyeing a retest of the $3,200 level, Rong added.

US President Donald Trump pledged to announce a comprehensive tariff plan on April 2, which he has dubbed the “Liberation Day.” The retaliatory tariffs are expected to target all countries.

Source : Bloomberg

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 Extends Rally To $3,086, Hits New All-Time High

Gold (XAU/USD) price hit another record on Friday (3/28), hitting a new all-time high of $3,086 for now and is trading around...

28 March 2025 17:38
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
BIAS23.com NM23 Ai