From Financial Modeling Prep: 2025-04-10 04:01:00

Gold prices surged in Asian trading due to U.S.-China trade tensions, with spot gold rising 1.6% to $3,031.02 per ounce. Gold futures for June delivery climbed 1.9% to $3,046.61 per ounce after briefly dipping below $3,000 earlier this week. The U.S. tariffs led to a risk-off sentiment, boosting gold’s safe-haven appeal.

China’s response to U.S. tariffs intensified market concerns, with the Ministry of Commerce vowing to retaliate. The escalating trade standoff prompted investors to seek safety in assets like gold, driving up demand. The U.S. dollar’s decline to a six-month low further supported gold’s rally, making it more attractive to non-dollar buyers.

Investors can track real-time gold prices and performance using the Commodities API from Financial Modeling Prep. With access to current and historical data for spot gold and gold futures, traders can stay informed about commodity movements. Market focus now shifts to potential countermeasures from China and any signals from the Federal Reserve regarding recession risks related to trade disruptions.



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