From Financial Modeling Prep: 2025-04-01 06:12:00

Gold prices hit an all-time high in Asian trading, with spot gold reaching $3,148.10 per ounce and June Gold Futures at $3,158.10 per ounce. This surge is driven by investor concerns over expected tariff announcements by President Trump on April 2, boosting gold’s safe-haven appeal.

Trump’s upcoming tariffs, including a 25% levy on auto imports and reinstated tariffs on Canada and Mexico, are causing uncertainty and driving investors towards gold. With trade policy ambiguity and a stable U.S. dollar, gold’s appeal as a safe investment is on the rise.

Platinum Futures slipped to $1,022.75 per ounce, while Silver Futures rose to $34.715 per ounce. On the other hand, copper prices gained momentum due to improved Chinese factory data, with London Metal Exchange Copper Futures up to $9,758.10 per ton and May Copper Futures at $5.0665 per pound.



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