U.S. Gold futures fell 0.1% to $ 3,037.50.
Gold prices reached a new record level on Wednesday in the domestic futures market. According to the official website of the Multi Commodity Exchange, MCX Gold rose 0.20 percent for April 4 to reach a new all -time high level of ₹ 88,890 per 10 grams. Investors are getting more inclined towards gold in the Middle East with increasing tension and uncertainty on the economic impact of US President Donald Trump’s tariff policies. International gold prices are also trading close to record height.
Gold in international market
According to CNBC news, gold in the international market on Wednesday was above a special level of $ 3,000 an ounce. It was close to record height in the previous season. In the Middle East, tension and trade uncertainty increased the bullion appeal, while traders were later waiting for the Federal Reserve’s decision. After reaching an all -time peak of $ 3,038.26 on Tuesday, the spot gold remained stable at $ 3,029.70 an ounce by 0230 GMT. U.S. Gold futures fell 0.1% to $ 3,037.50.
Investor is worried about this
Experts say that investors are concerned with the increasing risk of economic recession and recession due to the tariff of US President Donald Trump, which is widely believed to promote inflation. He says that the current business atmosphere, where there are concerns about tariffs, development and inflation, uncertainty is taking advantage of gold strength as rescue.
Amidst increasing uncertainty due to Trump’s aggressive tariff steps, the attention is now on the results of the US Federal Reserve policy and the economic development and inflation of Fed Chair Zerome Powell. Experts do not expect that the Fed will cut interest rates at this time and change its policy status as the impact of Trump Administration’s policies will be revealed in the coming months.
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