New Historical High noted by gold Following warnings by the head of the US Federal Bank (Fed), Jerome Powell, on the impact of the duties that trigger the volatility on Wall Street, leading to a sharp fall in shares and the dollar.
Gold increased to 0.4% to $ 3,357.78 per ounce today (17.04.2025), before limiting his profits. The metal added 3.5% yesterday, to its highest daily rise since March 2023, as the dollar fell to a new low semester. Investors were “terrified” again by a multitude of duties, while Powell limited the hopes that the Fed would quickly act to reassure the markets, underlining the unpredictable tax announcements from Washington.
“We do not know this even until we know it we cannot make documented decisions,” Powell said when asked if the central bank would intervene to calm the markets. His comments have again shown that officials are in no hurry to change the central bank’s reference rate.
Meanwhile, the US and Japan began official trade negotiations in an effort to avoid higher contributions. While the talks did not end up with the duties immediate interruption, Japan’s leading negotiator said countries would speak again soon as they aim to reach an agreement within the 90 -day grace period. Trump welcomed the conversations as “great progress”.
The precious metal has risen almost 28% this year – surpassing the 27% rise in 2024 – as the escalating trade war raises concern for a possible global downturn. Meanwhile, the Trump government is preparing to push the states to limit trade with China in the context of US duties negotiations.
In contrast, China remains provocative. President Xi Jinping – in the midst of a tour of Southeast Asia, as he seeks to prevent states from concluding agreements with the US at the expense of Beijing – said from the state -run news agency Xinhua that he called in common opposition to hegemony and politics.
Gold fell 0.1% to $ 3,338.45 per ounce at 10:25 am In Singapore, still on a weekly rise of about 3%. Bloomberg’s dollar index rose 0.2%, after a 0.7% drop yesterday. Silver, platinum and palladium fell.