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Apr 10, 2025
Gold rises after new US tariffs on China
U.S.-China tensions push investors to safe havens
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In a new development in the ongoing trade dispute between the United States and China, US President Donald Trump announced raising tariffs on Chinese imports from 104% to 125%. This decision has heightened concerns about its impact on the global economy, prompting investors to seek safe havens to protect their investments. As a result, gold prices rose 1.5% to $3,129.33 per ounce, while US gold futures rose 2.2% to $3,145.80. This rise is attributed to increased demand for gold as a safe haven amid escalating trade tensions. |
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In addition, concerns about slowing global economic growth and rising inflation have contributed to gold's appeal as a hedge. Expectations that the Federal Reserve will move toward more accommodative monetary policies have also supported this trend.
In this context, it is expected that gold may reach $3,200 per ounce by the end of the month, based on ongoing trade tensions and increased demand for safe havens.
Based on these data, gold prices are expected to continue rising in the near future, especially if trade tensions between the United States and China continue to escalate, enhancing gold's appeal as a safe haven for investors.