Gold maintains record rally as tariff fears spur demand

Quick Summary:

Gold prices rose to touch a new record high on Tuesday, as investors turned to the safe-haven asset ahead of U.S.

President Donald Trump's planned announcement of sweeping tariffs on countries that have a trade imbalance with the U.S.Spot gold was up 0.3 per cent at $3,132.53 per ounce as of 10:08 a.m.

Goldman Sachs raised the probability of a U.S.recession to 35 per cent from 20 per cent on Monday, and said it expected more rate cuts by the Federal Reserve.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Gold Prices Investors Tariffs Cent Rate Trump Mcintyre Tuesday 2025 House

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 11:49:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27516561

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