From Investing.com: 2025-03-31 04:30:00

Gold prices reached a new all-time high as safe-haven demand remains strong amid trade war concerns. Trump’s protectionist trade agenda and potential tariffs have investors flocking to gold as a hedge against economic and political instability. XAU/USD rose with Trump threatening Iran and potential trade policy announcements looming.

The euro gained against the US dollar as concerns over a slowing US economy weakened the greenback. Investor worries about stagflation amid escalating trade tensions and uncertainty about Trump’s tariff plans have led to a weakening US dollar, stock indices, and Treasury yields. European economic data, including low inflation and declining consumer spending, added to negative sentiment.

The Australian dollar weakened as fears of a global recession from a trade war weighed on risk-sensitive currencies. Traders await the Reserve Bank of Australia’s meeting for clues on interest rates amid expectations of rate cuts. AUD/USD fell ahead of the RBA meeting, with the market expecting three rate cuts in 2025 despite the RBA’s indication of lesser cuts. Traders should monitor global trade tariffs for AUD/USD movements.



Read more at Investing.com: Gold Prices Rise as Trump’s Tariff Moves Spark Market Jitters