U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold prices soared to a record high above $3,100 per ounce on Thursday, driven by heightened safe-haven demand after U.S. President Donald Trump announced sweeping 25% tariffs on all automobile imports, starting April 3. The move triggered global market jitters, with stocks in the U.S. and Asia posting sharp losses, prompting investors to flock to gold amid growing fears of a broader trade war.
Spot gold rose 1.2% to $3,056.60 an ounce, after hitting an all-time high of $3,059.30. Gold futures for May delivery climbed 1.5% to settle at $3,099.20, having touched a new record of $3,102 earlier in the day.
Goldman Sachs boosted its 2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected demand from central banks, particularly in Asia, and increased ETF inflows. The firm sees gold potentially reaching $3,680 per ounce by year-end 2025 if economic uncertainty and geopolitical risks persist.
Trump’s latest trade measures are set to impact major economies including Japan, South Korea, and the EU, while also pushing U.S. car prices higher — a move that could add inflationary pressure. Additional tariffs targeting key imports like semiconductors, pharmaceuticals, and industrial metals are expected to be announced on April 2.
Global backlash from countries such as China, Canada, and Mexico raises the risk of retaliatory tariffs, further fueling fears of a global trade war and economic slowdown — both bullish for gold.
Other precious metals also rallied, with silver jumping 3.2% to $35.32/oz and platinum rising 2.07% to $989.40/oz. Meanwhile, copper futures slipped, despite ongoing concerns over tighter supply due to potential U.S. import restrictions.
