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.

Gold maintains its winning streak above $3025 (~Rs 88500) as Trump’s tariffs are projected to exacerbate inflation and economic turmoil.

Gold reached fresh domestic market highs of $2955 (~Rs 86800), driven by rising global trade tensions and safe-haven demand. President Donald Trump warned of further taxes on EU goods on Wednesday, following retaliation by the EU and Canada against existing US trade restrictions.

Gold markets are in a tug-of-war at highs, with bears focusing on a potential ceasefire deal in Ukraine and bulls anticipating key U.S. inflation data to gauge the Federal Reserve’s interest rate path amid trade tensions and economic slowdown fears.

Gold prices are consolidating between $2885 and $2935, spurred by a weaker US dollar and safe-haven flows as fears about the US economy grow amid growing trade tensions.

Investors are concerned that Trump’s tariffs would hinder US economic growth and push the Federal Reserve to slash interest rates multiple times before the end of the year.

U.S. President Donald Trump imposed new 25% tariffs on imports from Mexico and Canada on Tuesday, as well as a doubling of duties on Chinese goods to 20%, igniting trade wars that could stifle economic growth and raise prices for Americans still reeling from years of high inflation.

Markets remain risk-averse as a global tariff war appears certain. US President Donald Trump reaffirmed 25% tariffs on Canada and Mexico, which will go into force on Tuesday, and has already signed an order to hike China tariffs to 20%.

After recording eight consecutive weekly climbs, gold is currently down 2.5% for the week. But for February, prices have increased by 2.2%.

Gold prices have retreated from highs on Dollar strength. The Dollar Index has recovered as Trump suggested a 25% reciprocal duty on European vehicles and other goods on Wednesday, raising expectations for another month-long postponement on heavy new duties on imports from Canada and Mexico that could go into effect on April 2.

Gold consolidates around record-high prices amid safe-haven flows fueled by worries about US President Donald Trump’s tariff proposals.