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Gold jumps to fresh highs amid geopolitical fears and tariff issues
18-Mar-2025, 02:27
Gold prices surged near the $3040 mark in Asia on Tuesday, reaching a record high as escalating Middle East tensions and tariff uncertainties fueled safe-haven demand. Israel's airstrikes on Gaza and President Trump's warning to Iran over Houthi attacks added to market unease. MCX bullion futures for April delivery touched a fresh peak of 88649, rising nearly 600. Meanwhile, India's gold imports in February 2025 fell 60 percent year-on-year to 20354 crore, with monthly imports down 12 percent. Silver imports also tumbled by 51 percent. Investors are now closely watching the US Federal Reserve's policy meeting for signals on future rate directions.
Gold prices surged near the $3040 mark in Asia on Tuesday, reaching a record high as escalating Middle East tensions and tariff uncertainties fueled safe-haven demand. Israel's airstrikes on Gaza and President Trump's warning to Iran over Houthi attacks added to market unease. MCX bullion futures for April delivery touched a fresh peak of 88649, rising nearly 600. Meanwhile, India's gold imports in February 2025 fell 60 percent year-on-year to 20354 crore, with monthly imports down 12 percent. Silver imports also tumbled by 51 percent. Investors are now closely watching the US Federal Reserve's policy meeting for signals on future rate directions.
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