Goldman Cuts S&P 500 Target, Sees Higher Risk of Recession Amid Tariffs
Gold Trade Reminder: Uncertainty over tariffs boosts safe-haven demand, pushing gold prices to a historical high for three consecutive trading days.
On Tuesday (April 1), during the Asian market's early session, spot Gold experienced narrow fluctuations at a high level, currently trading at $3,125.21 per ounce. The uncertainty surrounding tariffs boosted safe-haven demand, leading Gold prices to maintain a strong trend on Monday, breaking through $3,100 per ounce and initially standing above the $3,120 mark. During the session, it reached a new historical high of $3,127.76 per ounce, closing at $3,123.80 per ounce, with a daily increase of about 1.3%. This marks three consecutive trading days of setting new historical highs, with a quarterly increase of about 19%, achieving the strongest quarterly performance since 1986.
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