Gold bolts past key US$3,200 mark on dollar slide, safe-haven flows

Quick Summary:

Gold prices breached the crucial $3,200/oz level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets.

Bullion scaled an all-time peak of $3,219.84 earlier in the session, and has gained around 5% this week.

Traders now bet that the Fed will resume cutting rates in June and probably reduce by a full percentage point by the end of 2025.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Trade war Tariff Gold Bullion Federal Reserve Commodities /Business/Business News Interest rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 14:55:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 27784165

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