From Investing.com: 2025-03-31 04:17:00

Gold prices reached a record high above $3,100/oz as trade tensions and economic uncertainty continue to drive demand. President Trump’s trade policy is a key factor. Meanwhile, copper retreated from a nine-month high due to broader risk-off sentiment. Oil prices opened lower following Trump’s remarks on Russian oil. US oil rig count fell to 484, the lowest level since February 2025. Natural gas prices in Europe fell due to warmer weather forecasts and strong LNG flows. China issued a second batch of export quotas for clean products, down 8.6% compared to last year. Wheat prices dropped due to supportive weather forecasts in key growing regions. Trade tensions and speculation also impacted grain prices. Speculators reduced net long positions in wheat and increased net short positions. China’s retaliatory tariffs on US agricultural products continue to impact demand.



Read more at Investing.com: Gold Rallies to Record Levels as Markets Brace for Trump’s Tariff Impact