COMMODITY
Gold futures finish higher on softer dollar and bonds
Apr-03-2025
Gold futures finished higher on Wednesday, as the investment appeal of the bullion got kindled with the weakness in dollar and softer bond yield notes. Jitters over a global trade war amidst US tariff announcement also boosted safe haven appeal of the yellow metal. President Trump announced a 10% baseline tariff on imports from all countries, with higher rates for nations with trade surpluses, including China (34%), the EU (20%), and Japan (24%), and a 25% tariff on foreign-made automobiles. Gold was supported by expectations of rate cuts, central bank buying, and strong demand for gold-backed ETFs, with China’s ETF adding 233,000 ounces.

Gold futures for April delivery rose by $20.20 or 0.6% to settle at $3,166.20 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $6.60 or 0.21% to $3,141.89 an ounce.

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