Gold Prices Steady as Investors Watch for Trump Tariff News
Investing.com – April 3, 2025
Gold stayed on track on March 4 as investors watched news on Trump’s tariff plans. Markets see trade may shift, and investors feel care. Gold’s calm shows they wait for clear signs from economic rules worldwide.
Current Gold Market Performance
On the report day, gold dropped 0.16% to 90,728 per ounce. Investors fix on Trump’s plan to set a minimum tariff of 10% on many imports. This step may change trade and stir inflation in the US and abroad.
Gold finds support despite these risks. Interest rate cuts, steady central bank buys, and strong pull on gold ETFs hold prices. For example, a Chinese gold ETF bought 233,000 ounces. This act shows steady demand for the metal.
Global Demand Fluctuations
In the real gold market, buyer signals mix. India bought less gold as high prices and year-end tasks slowed trade among shops. Gold discounts in India fell to $33 per ounce from $41 a week before. In China, gold traded with a $4 lower price and a $1 higher price. This mix shows uneven demand.
China’s net gold imports via Hong Kong fell. Other Asian markets such as Singapore and Japan also bought less gold.
Market Technical Analysis
Technical work shows fresh sell actions. Open interest rose 0.36% to 18,615 contracts. Gold lost 147 rupees, with support set at 90,420 and 90,115. The resistance stood at 91,130. If gold pushes past this resistance, prices may rise to 91,535. The market may shift more as a result.
Conclusion
As markets wait for more on Trump’s tariff plans, gold’s steady pace shows a mix of economic signs and investor views. Stakeholders in the commodities market keep a close eye on short-term price moves and wider economic effects from the tariff plans.
For now, gold stands as a stable asset. Investors feel some ease even when trade risks loom.
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