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Indonesia News Portal for Traders | Financial & Business Updates

8 April 2025 14:30  |

Gold Prices Rise From 3-wk Low; Trump’s New Tariff Threat Reignites Haven Demand

Gold prices rose in Asian trading on Tuesday, rebounding from a three-week low as investors sought safety amid escalating trade tensions between the U.S. and China.

As of 02:12 ET (06:12 GMT), Spot Gold rose 0.7% to $3,002.68 per ounce.

Gold fell below $3,000 per ounce in the previous session to hit its lowest level since March 13 as investors liquidated their positions to cover losses in other financial markets.

“Gold is traditionally a safe haven, but sometimes investors sell it along with other asset classes to cover losses elsewhere,” ING analysts said in a note.

Gold Futures expiring in June rose 1% to $3,024.0 an ounce on Monday.

The safe-haven appeal of the yellow metal was reignited after U.S. President Donald Trump on Monday threatened to impose an additional 50% tariff on Chinese goods if Beijing did not roll back its recent 34% increase on American imports.

 

Source : Investing.com

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