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Gold soars past $3,200 as trade war deepens, dollar loses ground

Business Standard LogoBusiness Standard2d ago

Gold soars past $3,200 as trade war deepens, dollar loses ground - Business Standard

Quick Summary:

Spot gold was up nearly 2 per cent at $3,235.89 an ounce at 2:32 p.m.

ET (1832 GMT), after hitting a record high of $3,245.

A combination of central bank buying, US Federal Reserve rate cut expectations, geopolitical instabilities and a surge of investor flows into gold-backed ETFs has also supported gold's rally this year.

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Gold soars past $3,200 as trade war deepens, dollar loses ground - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-12 @ 11:29:12 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27802190

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 205 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Gold soars past $3,200 as trade war deepens, dollar loses ground" was covered 2 days ago by Business Standard, a news publisher based in India.

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  • URL: https://beamstart.com/news/gold-soars-past-3200-as-17444383595569

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