President Donald Trump’s new tariff threat fueled demand for safe-haven assets, helping gold rise more than 1% to above $3370 (~Rs 96000), its highest level in almost a week.

Gold prices have slipped by the easing of tariffs and the willingness of both the United States and China to listen and back off. The United States has contacted China for talks regarding President Donald Trump’s 145% tariffs, and Beijing is amenable to them.

Gold prices fluctuate between $3270 (~Rs 94300) and $3380 (~Rs 96200), indicating contradictory signals from US-China trade talks.

Gold is stabilising around $3350 (~Rs 95500) as sentiment has gone Risk-On after China mulled suspending its 125% tariffs on select US imports, including medical equipment, ethane, and plane leasing.

Gold prices fell more than 3% yesterday after reaching $3500, and the market appears to have peaked in the short term. Markets are still digesting President Donald Trump’s softer tone on the U.S.-China trade war, as well as his turnaround on wanting to fire Federal Reserve Chair Jerome Powell.

Gold prices have plummeted by over $200 (~Rs 4000) from their high of $3509 due to U.S. President Donald Trump’s retraction of threats to fire Federal Reserve Chair Jerome Powell and expressed optimism for a trade deal with China, decreasing gold’s safe-haven appeal.

Active Gold June contract has touched a record high of $3504 (~Rs 99178) today, as the dollar fell to a three-year low below 98. President Trump increased pressure on the Federal Reserve, calling for a dramatic rate reduction and even considering replacing Fed Chair Powell.

The gold price reached an all-time high of $3371 (~Rs 95894) as the tariff war between the world’s largest powerhouses escalated further. US President Donald Trump has ordered his team to investigate potential new tariffs on all imports of critical minerals, to reduce their dependency on China.

Gold prices have surged to an all-time high today, fueled by a lower dollar, trade war tensions, and concerns about global economic growth due to US President Donald Trump’s tariff plans, which prompted safe-haven inflows.

The gold price has regained bullish momentum as US tariff concerns support safe-haven assets. With gold prices supported above $3250, the upward trend continues, and as long as tariff uncertainty persists.

Gold’s haven status has been underlined this week as it approaches $3240 (~Rs 92400). President Donald Trump’s flip-flopping message on his tariff plan sparks frenzied selloffs for US stocks, Treasuries, and the currency, as worries of a global recession grip Wall Street.

The US has put a 104% tariff on Chinese goods, raising tensions between the world’s two largest economies and causing market volatility. This adds to concerns that an all-out trade war could force the global economy into a recession, triggering a new wave of risk-aversion trading and reviving demand for the safe-haven gold price.