COMMODITY
Gold futures finish sharply higher as Sino-US trade war continues
Apr-17-2025
Gold futures finished sharply higher on Wednesday, marking an all-time-high settlement as safe haven appeal of the bullion boosted with the high volatility in stock market amidst continued Sino-US trade war. The market is closely watching the Trump administration's initiation of trade probes into semiconductor and pharmaceutical imports, which may lead to new tariffs. Moreover, anticipations over Fed interest rate cuts also whetted yellow metal rates.

Gold futures for June delivery rose by $106 or 3.3% to settle at $3,346.40 an ounce on the Comex division of the New York Mercantile. While, spot gold dips by $ 3.46 or 0.10% to $ 3,339.66 an ounce.

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