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As on : 04-Apr-2025
Other Markets - Bullion Markets
04-Apr-2025      14:57

Gold dips below $3100 amid tariff tremors, but weekly shine stays

Gold prices dipped below $3100 per ounce on Friday as global markets reeled from tariff-fueled turmoil. The sell-off came despite gold being spared from Trump's sweeping import duties, which triggered retaliatory threats and sparked fears of a global economic slowdown. On the MCX, bullion futures dropped nearly ₹500 to hit ₹89260 per 10 grams. Yet, the yellow metal remains on course for its fifth straight weekly gain, thanks to persistent safe-haven demand, strong ETF inflows, and hopes of rate cuts. Central bank buying has also kept the bullish sentiment alive. All eyes now turn to the US non-farm payrolls data for the next big cue on Fed action.

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