Gold prices continued to rise on Tuesday. Investors increased demand for safe-haven assets. The geopolitical situation remains tense. Uncertainty around upcoming U.S. tariffs has also contributed to higher demand for gold.
According to Comex data, April gold futures rose by 0.3%. Prices reached $3,042.40 per troy ounce during the trading session. This is one of the highest levels ever recorded.
Since the beginning of 2025, gold prices have increased by more than 15%. On March 20, gold reached a historic peak of $3,057.21 per ounce. The previous record had been set earlier in March.
Global economic concerns have been growing. Investors are watching for signs of a slowdown. Fears of a possible global recession remain in focus. These concerns have led market participants to shift capital into alternative assets like gold.
Precious metals saw higher trading volumes on Tuesday. Silver and platinum also posted moderate gains. Silver rose to $26.88 per ounce. Platinum moved up to $1,152.50 per ounce.
U.S. President Donald Trump made a public statement on Tuesday. He said that not all planned tariffs would take effect on April 2. He added that some countries might receive exemptions from the new duties.
The Financial Times reported that Washington may introduce tariffs in two stages. The exact details of the phased approach have not been confirmed. U.S. officials have not published the final list of products or sectors involved.
The White House has said more information will be released this week. Some industries may be spared in the first round. Other goods could be affected starting later in April.
Markets are awaiting clarity from U.S. trade officials. Several countries have submitted formal requests for exemptions. Negotiations are ongoing with key trading partners.
In the meantime, investors are turning to gold as a protective measure. Institutional funds have increased gold holdings. Exchange-traded funds (ETFs) backed by gold reported net inflows for the fifth consecutive week.
Central banks in several countries are also boosting gold reserves. Recent data show purchases by China, India, and Turkey in the first quarter. The trend reflects broader demand across both institutional and official buyers.
In currency markets, the U.S. dollar showed mixed performance. The dollar index remained around 104.2. Gold’s rise continued despite the stable dollar.
Yields on U.S. Treasury bonds remained steady. The 10-year note hovered around 4.18%. The bond market showed limited movement ahead of new economic data.
Investor focus now shifts to Friday’s inflation data. The U.S. Bureau of Economic Analysis will release the latest Personal Consumption Expenditures (PCE) report. This is the Federal Reserve’s preferred inflation measure.
The report will cover consumer spending data for February 2025. Analysts expect both core and headline PCE to show modest increases. The outcome may affect future Fed interest rate decisions.
Other key economic reports are also expected later this week. These include jobless claims, durable goods orders, and housing market data.
Gold prices may continue to react to economic and policy developments. Market participants will monitor both geopolitical news and fiscal policy updates. The next few days are likely to remain active in commodities trading.
