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.

The risk-off mood has resulted in widespread liquidation across asset classes. Traditional safe havens like gold have not been spared.
Despite the short-term fear, the medium- to long-term outlook for gold remains favorable.

Gold fell $100 from its high, while silver fell 10% after a widespread selloff in commodities and equities markets. Markets are suffering hits from all sides as US President Donald Trump imposed the worst tariffs.

Investors rushed to safe-haven assets, including gold, after U.S. President Donald Trump imposed higher-than-expected import tariffs, escalating the already-heated global trade war.

The gold rally remains intact as investors await Trump’s tariff announcement today. Gold has skyrocketed, up 20% year-to-date, as nervous investors raced to the safe-haven commodity ahead of pronouncements on retaliatory tariffs from the United States, which could exacerbate the global trade war.

US President Donald Trump announced a 25% tariff on imported vehicles and light trucks beginning next week, escalating the global trade war.

Gold prices remained stable as market investors squared their positions ahead of US President Donald Trump’s sweeping reciprocal tariff plans, which they fear will exacerbate inflation and stymie economic growth.

If Gold Apr Futures fall below $3030 (~Rs 88200), we could see further retracement and profit booking in prices up to $2985 (~Rs 87000).

Gold reached an all-time high of $3065 (~Rs 89800) as the Federal Reserve hinted at two probable interest rate cuts this year. This bolstered the metal’s attractiveness despite continued geopolitical and economic difficulties, prompting gold to post 16 new highs in 2025, four exceeding the $3000 mark.