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18 April 2024

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Gold prices steady near record highs as China tariff concerns linger

04-02-2025 10:32 AM


Ammon News - Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariffs on China and inflation concerns boosted safe-haven demand, while attention also turned to key jobs data set to be released this week.

Spot gold was up 0.3% at $2,820.94 per ounce, as of 0436 GMT, after hitting a record high of $2,830.49 on Monday.

U.S. gold futures fell 0.2% to $2,851.40 on Tuesday.

Among other metals, spot silver edged higher 0.2% to $31.48 per ounce, platinum added 0.4% to $967.93, and palladium gained 1.3% to $1,022.09.

Markets in China, the top gold consumer, were closed for the Lunar New Year holiday and will resume trade on Wednesday. Reuters




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