From Investing.com: 2025-04-11 03:23:00

Gold prices surged by almost 3% to hit a new all-time high as the trade war between the US and China intensified. Rising tariffs on Chinese imports by both countries raised concerns about global economic growth, prompting investors to seek safe-haven assets like gold. The drop in the US Dollar Index and expectations of interest rate cuts by the Federal Reserve further fueled the rally.

The euro gained 2.25% against the US dollar after weaker-than-expected US Consumer Price Index data. Investors are now pricing in more rate cuts by the Federal Reserve, while trade tariff concerns have somewhat stabilized. The European Central Bank is expected to deliver rate cuts as well. The market will continue to focus on trade tariff developments and US macroeconomic data releases.

Bitcoin prices dropped by 3.7% as risk sentiment remained poor due to escalating trade disputes and geopolitical tensions. Investor appetite for risky assets like cryptocurrencies was dampened, leading to a drop in Bitcoin prices. Despite short-term volatility, some experts remain bullish on Bitcoin, predicting prices to reach $250,000 by 2025. The market will closely watch trade tariff developments and US macroeconomic data releases for further direction.



Read more at Investing.com: Gold Hits New All-Time High as US-China Trade War Escalates