Gold price rises 0.87% due to trade war fears and investors seeking safe-haven assets.

From Investing.com: 2025-02-14 02:18:00

Gold price rose by 0.87% on Thursday due to escalating trade tensions as US President Trump plans to impose reciprocal tariffs. Investors seek safe-haven assets like gold during times of uncertainty. Despite high US interest rates and improving Russia-Ukraine relations, gold remains popular. Analysts predict XAU/USD may rise to $2,971 to $2,983 range.

The euro strengthened by 0.79% against the USD as the US delayed tariff implementation. Trump’s team is studying trade relationships, hinting at possible negotiations. Weak US dollar due to PPI data may lead to a Fed rate cut. EUR/USD rally is based on tariff delay hopes, not eurozone strength.

Bitcoin fell by 1.25% as it struggled to break above $98,000 resistance. BTC/USD range-bound due to lack of fundamental drivers. Positive crypto regulation news priced in, geopolitical tensions exerting pressure. US states considering Bitcoin reserves may inject $23 billion into market. BTC likely in ‘accumulation phase’ before potential new all-time high.



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