Gold prices dip 0.66% due to trade tariffs, but bullish trend remains intact

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

Gold prices declined by 0.66% amidst volatile trading due to Trump’s trade tariffs, but the long-term bullish trend remains intact. The US economy slowdown and potential rate cuts by the Fed are supporting gold. XAU/USD may revisit $3,054 per ounce. NFP report today could impact prices.

Euro surged by 1.8% against the USD after new tariffs announcement, as investors worry about US growth. The DXY fell below 102.00, leading to gains in other currencies. Deutsche Bank warned of a dollar crisis of confidence. EUR/USD may rise due to global financial shifts. NFP report today may influence market movements.

Bitcoin rose by 0.83% despite US stock market volatility caused by trade tariffs. Investors seek safety in Bitcoin amid market uncertainty. Institutional outflows from Bitcoin ETFs suggest a cooling of risk appetite. BTC/USD remains stable, facing resistance at $85,000. NFP report today may impact prices.



Read more at Investing.com: Gold Prices Dip Amid Tariff Concerns as Traders Await Key US Jobs Data