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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
Two people discussing a chart on a tablet
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June 19, 2025 DOWNLOAD
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Markets 2 MIN READ

Gold prices soar to all-time high over trade war concerns

March 31, 2025By Reuters
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Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by US President Donald Trump’s latest tariffs.

Spot gold climbed 0.6% to USD 3,074.43 an ounce as of 02:41 p.m. EDT (1839 GMT) after hitting its eighteenth record high this year at USD 3,086.70 earlier in the session. Bullion is up 1.7% this week and is on track for a fourth straight weekly gain.

US gold futures settled 0.8% higher at USD 3,114.30.

“It continues to be the safe-haven demand on ramped-up concerns about tariffs, trade and ongoing geopolitical uncertainty as well,” that is supporting gold, said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Gold, traditionally seen as a hedge against economic and political instability, tends to thrive in a low-interest rate environment.

The Personal Consumption Expenditures (PCE) price index increased 0.4% in February, compared with analysts’ expectation of 0.3% rise, similar to January’s increase.

The data isn’t likely to change rate cut expectations very much, as it is only a little hotter than expected, Grant added.

The Fed has held interest rates steady so far this year after three rate cuts in 2024, but hinted at a potential half-percentage point in rate cuts later in the year.

The market is currently pricing 63 bps of Fed rate cuts by the year-end, starting in July.

Markets are now bracing for Trump’s plans for reciprocal tariffs, which he intends to lay out on April 2.

Trump’s policies are perceived as inflationary, posing a risk to economic growth and escalating trade tensions, analysts say.

Spot silver fell 1.4% to USD 33.93 an ounce, platinum eased 0.7% to USD 979.10, and palladium was down 0.3% to USD 972.13. All three were set for weekly gains.

(Reporting by Anmol Choubey in Bengaluru; Editing by Vijay Kishore)

 

This article originally appeared on reuters.com

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