Gold rises as fears mount over Trump's reciprocal tariff plans

Anjana Anil - Reuters - 27/03
Gold prices rose on Thursday as U.S. auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world's largest economy.
  • Trump unveiled a 25% tariff on imported cars and light trucks
  • Gold could breach $3,100 in 2Q, analyst says
  • Goldman raised end-2025 gold price forecast to $3,300 from $3,100
March 27 (Reuters) - Gold prices rose on Thursday as U.S. auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world's largest economy.
Spot gold was up 0.6% at $3,036.11 an ounce, as of 0908 GMT. Prices reached a record high of $3,057.21 on March 20

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U.S. gold futures gained 0.8% to $3,045.70.
U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war.
Investors feared that Trump's reciprocal tariffs, expected to take effect on April 2, might fuel inflation, slow economic growth and heighten trade tensions.
Aakash Doshi, global head of gold at SPDR ETF Strategy, expects gold will breach $3,100 in the second quarter and "the market could potentially push another 8%-10% higher by end...
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