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Gold Reclaims $4,000 After Pullback as Tariff Threats Revive Safe‑Haven Bid

Expectations of Fed rate cuts keep investors rotating into bullion.

Overview

  • U.S. December gold futures rose 0.69% to $4,000.4 on Friday, recovering the $4,000 mark after President Donald Trump threatened additional tariffs on Chinese imports.
  • The metal set all‑time highs on Wednesday, with the December Comex contract closing at $4,070.50 after an intraday peak of $4,081 and spot prices topping $4,000 for the first time.
  • Prices slid 2.4% on Thursday to $3,972.60 in a swift correction linked by traders to progress in Gaza peace talks.
  • Year‑to‑date gains are near 54% as central‑bank purchases and renewed ETF inflows combine with expectations for lower U.S. rates and a softer dollar.
  • Silver notched a new modern‑era closing high near $49 and briefly approached $50, while authorities warned about volatility, fraud risks, and environmental harms tied to illicit mining.