Gold prices retreat after hitting new record

4 Nisan 2025

Today’s markets analysis on behalf of Hassan Fawaz Chairman & Founder of GivTrade

Gold prices extended their correction after hitting another record high this week. The market could remain exposed to profit-taking after a sharp rally as investors weigh the impact of President Trump’s aggressive tariff plan unveiled earlier this week.

The new trade policy, which includes a 10% baseline tariff on all imports and steeper duties on several major trading partners, triggered a broad market sell-off and renewed concerns over US economic growth.

Still, gold remains supported by strong ETF inflows, central bank purchases, and expectations of interest rate cuts. On the geopolitical front, mixed developments could add to the complexity. An increase in tensions in the Middle East and Eastern Europe could support gold.

Looking forward, investors turn their attention to today’s U.S. non-farm payrolls report, followed by Fed Chair Powell’s speech. Expectations of looser monetary policy are likely to bolster the precious metal, while a cautious tone could fuel the correction.

 

Zaid Barem / ymm