Archive image: A seller shows gold bars inside a jewelry. | Photo credit: Krishnendu Halder
On April 14, gold prices fell from a record record on Monday after the president of the United States, Donald Trump, excluded smartphones and computers from their reciprocal tariffs, although uncertainty around the rates plans kept prices above the important $ 3,200 per level of itching.
Spot Gold lost 0.4 percent to $ 3,222.49 per ounce, axis or 0852 GMT. Bullion reached a record of $ 3,245.42 earlier in the day.
The US gold futures fell 0.2 percent to $ 3,238.50.
“The feeling of the market has improved a bit this morning after President Trump excluded electronics and smartphones from US tariffs. This has partly caused a drop in gold prices, probably due to earkkken profits,” said Zain Vawa.
Gold is traditionally considered as coverage against geopolitical and economic uncertainty.
The White House announced on Friday exclusions from smartphones, computers and other electronic steep reciprocal rates in China. On Sunday, however, Trump said he would announce the rate rate in imported semiconductors during the week.
Any drop in gold prices is likely to be temporary, Vawda said.
“An agreement between the United States and China seems imposing in the short term, and global commercial tariffs continue to raise challenges, maintaining the demand for safe assets such as strong gold. In addition, the weakening of the US dollar adds the attraction of Furt,” Vawda. “Vawda.
The US dollar reached its lowest level in three years in front of its companions, which makes the green back price bilges are cheaper for buyers abroad.
Gold has continued his last year’s rally, increasing around 23 percent so far this year and went up to the $ 3,200 mark for the first time on Friday. Bullion has been supported by a variety of factors, including the economic uncertainty of Trump’s rates plans, the demand of the Central Bank and the increase in flows in bags quoted in the stock market backed by gold.
Goldman Sachs has increased its end of the year gold forecast to $ 3,700, citing the most anticipated central bank demand and the risk of recession with the risk of ETF tickets.
Spot Silver was stable to $ 32.27 per ounce, while Platinum added 1 percent to $ 952.10. El Paladio won 2.2 percent to $ 935.38.
Posted on April 14, 2025