From Financial Modeling Prep: 2025-04-24 02:51:00

Gold prices surged in Asian markets due to safe-haven flows, rising 1.3% to $3,331.34/oz for spot gold and 1.4% to $3,341.25/oz for June futures. JP Morgan predicts gold could reach $4,000/oz by 2026, with the weekly high nearing the record $3,500/oz.

Trade war uncertainty, with doubts over a U.S.-China tariff resolution, and geopolitical tensions like the Russia-Ukraine clash, are key drivers boosting gold’s appeal. A weaker dollar amid tariff fears has also contributed to gold’s rise.

Federal Reserve policy ambiguity, including fears about U.S. monetary independence despite Trump’s retreat from firing Fed Chair Powell, has kept real rates and gold yields attractive. This uncertainty continues to influence gold prices.

Gold traders should monitor Russia-Ukraine developments for potential safe-haven inflows, U.S. trade announcements for tariff reduction plans or new levies, and upcoming macroeconomic releases for market-moving events.

Stay informed on economic and geopolitical data impacting gold prices by using the Economics Calendar – Economics Data API from Financial Modeling Prep. This API provides real-time scheduling and historical context for the indicators driving gold’s next moves.



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