Market Overview
Gold (XAU/USD) extended its rally, trading near $2,863.14 after touching an intraday high of $2,870. Investors flocked to the precious metal as uncertainty surrounding U.S.-China trade policies intensified. Market concerns over President Donald Trump’s new tariffs on Chinese imports have fueled demand for gold, a traditional safe-haven asset.
In addition to geopolitical concerns, expectations of further Federal Reserve rate cuts are supporting gold prices. With U.S. Treasury yields at their lowest level since December, non-yielding assets like gold have become more attractive to investors.
Financial Market Newsflash
Tuesday, April 22, 2025
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