Gold Prices Retreat Slightly After Record Surge Driven by Trade Tensions and Dollar Weakness

Temporary tariff exemptions on tech products ease some market pressure, but gold remains a favored safe-haven asset as economic uncertainty persists.

Gold reached a record high of USD 3,237 per ounce on April 14, 2025, driven by heightened economic uncertainty and escalating US-China trade tensions.
Prices slightly eased after President Trump announced short-lived tariff exemptions for smartphones and computers, signaling a temporary reduction in trade-related pressures.
A weakening US dollar, now at a three-year low against the euro, continues to boost gold’s appeal by making it more affordable for international buyers.
Institutional investors, including central banks and gold-backed ETFs, have significantly increased their gold holdings, reinforcing its upward momentum.
Financial analysts from UBS and Goldman Sachs raised their gold price forecasts for 2025, citing sustained demand and ongoing market volatility.