Gold

Gold futures climbed significantly Tuesday as investors sought shelter from market uncertainty triggered by President Trump's expanding tariff policies. The precious metal rose $23.60 (0.81%) to $2,923.10 for the most active April contract as of 3:55 PM EST.

Gold prices edged lower at week's start alongside broader declines in risk assets. Gold futures declined $14.70 (0.5%) to settle at $2,899.40, just below the psychologically important $3,000 threshold. This pullback coincided with the Dow Jones Industrial Average tumbling to its lowest point since November 4, 2023, closing over 2% down for the session.

Gold futures closed lower on the day down $2.10 (-0.07%) but still managed to eke out a gain on the week (+$50.40 1.76%) due to Monday’s and Tuesday’s massive safe-haven demand. Safe haven buying came into the market as a reaction to Tuesday’s steep tariffs implemented on America’s three biggest trading partners Mexico, Canada, and China.

The U.S. dollar experienced a dramatic selloff this week, plunging more than 3% against major currencies as markets reacted to sweeping new tariff policies implemented by the Trump administration.

Gold prices struggled to maintain momentum Wednesday despite the U.S. dollar falling to a four-month low, breaking the precious metal's pattern of gains seen earlier this week amid escalating global trade tensions.

Gold prices continued to gain value, moving higher in New York trading today, as market participants seek safety after president Donald Trump launched import tariffs against Canada and Mexico today launching a trade war against America’s largest and most important trading partners. 

Gold prices rallied sharply higher in New York trading today, recapturing Friday's losses and pushed beyond the $2,900 mark as the U.S. dollar faced significant pressure. The precious metal's gains come amid increasing safe-haven demand triggered by both economic concerns and escalating geopolitical tensions.

Gold markets experienced a week of historic volatility, setting a new all-time record before suffering substantial declines. The precious metal's eight-week winning streak came to an abrupt end amid dollar strength and shifting sentiment around potential tariffs.

Gold prices experienced a significant decline in New York trading on Thursday, with the most active April futures contract settling at $2,887.80, down $43.90 or 1.50%. The precious metal touched a two-day low of $2,879 before slightly recovering.

Gold futures appear to have stabilized following yesterday's $40 price decline, posting fractional gains and a higher intraday low today. Many market participants had questioned whether the sharp decline signaled the beginning of a correction after gold's remarkable run, which has seen prices surge approximately $375 (14.46%) since December 18's low of $2,599.60.