Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
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.
