Gold extended its historical manifestation on Thursday, increasing another higher record as investors came in the precious metal amid the growing global commercial tensions and the growing uncertainty about the economic policy of the United States.
Spot Gold increased 0.1% to $ 3,346.20 per ounce axis of 0008 GMT, after previously reaching a new historical maximum of $ 3,357.40. The US gold futures also gained impulse, rising 0.4% to $ 3,359.50.
The increase follow the progress of Wednesday above the level of $ 3,300, which underlines a strong demand for safe security as geopolitical and economic risks intensify.
The last trigger occurred after the president of the United States, Donald Trump, ordered investigation into possible new tariffs on all critical mineral imports, expanding the commercial repression of the administration beyond the pharmaceutical products and semiconductor chips. In retaliation, China ordered its airlines to stop more deliveries from Boeing aircraft, while the United States government further restricted the chips exports of AI from AI from NVIDIA to China.
These developments deepened the fears of a prolonged commercial confrontation between the two largest economies in the world, which leads investors to gold, traditionally seen as a coverage against inflation, geopolitical risk and economic instability.
Until now in 2025, gold has risen more than 27%, driven by the anxieties of the commercial war, an American dollar fabric and expectations of trimming of interest rates.
The president of the United States Federal Reserve, Jerome Powell, said a cautious approach to monetary policy on Wednesday, stating that the Fed would need more data before making any move on the rates. However, Powell also warned that Trump administration tariff policies could derail the objectives of the Central Bank for inflation and employment.
The markets now have a price in around 91 basic points of tariff cuts by the end of 2025, which further supports the gold rally.
Meanwhile, the US dollar is adjusted to the decline, about a minimum of three years reached last week, improving Gold’s appeal to the headlines or other currencies.
In other precious metals:
Spot Silver increased 0.1% to $ 32.78 an ounce
Platinum won 0.2% at $ 969.05
Palladium fell 0.7% to $ 964.75
Key economic data ahead (GMT):
12:30 – American housing begins (March)
12:30 – INITIAL CLAIMS OF EE. UU. (Week ending on April 12)
12:30 – FED BUSINESS INDEX OF FILADELFIA DE USA. (April)
13:15 – Decision of the policy of the European Central Bank
While investors expect fresh macroconomic signs, gold remains firmly in the center of attention such as the preferred shield against an increasingly volatile global perspective.
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