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Business/Finance
See other Business/Finance Articles

Title: Gold prices soar to all-time high over trade war concerns
Source: CNBC
URL Source: https://www.cnbc.com/2025/03/28/gol ... s-spark-safe-haven-demand.html
Published: Mar 28, 2025
Author: CNBC
Post Date: 2025-03-28 11:41:50 by Esso
Keywords: None
Views: 1210
Comments: 15

Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by U.S. President Donald Trump’s latest tariffs.

Spot gold climbed 0.7% to $3,077.48 an ounce as of 09:06 a.m. ET (1306 GMT) after hitting its eighteenth record high this year at $3,086.21 earlier in the session. Bullion is up 1.8% this week and is on track for a fourth straight weekly gain.

U.S. gold futures added 0.7% to $3,083.20.

“It continues to be the safe-haven demand on ramped up concerns about tariffs, trade and ongoing geopolitical uncertainty as well,” that is supporting gold, said Peter Grant, vice president and senior metals strategist at Zaner Metals.

Gold, traditionally seen as a hedge against economic and political instability, tends to thrive in a low-interest rate environment.

The Personal Consumption Expenditures (PCE) price index increased 0.4% in February, compared with analysts expectation of 0.3% rise, similar to January’s increase.

The data isn’t likely to change rate cut expectations very much, as it is only a little hotter than expected, Grant added.

The Fed has held interest rates steady so far this year after three rate cuts in 2024, but hinted at a potential half-percentage point in rate cuts later in the year.

The market is currently pricing 63 bps of Fed rate cuts by the year-end, starting in July.

Markets are now bracing for Trump’s plans for reciprocal tariffs, which he intends to lay out on April 2.

Trump’s policies are perceived as inflationary, posing a risk to economic growth and escalating trade tensions, analysts say.


Poster Comment:

GOLD $3,115.40 +$24.50 +0.79%

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#1. To: Esso (#0)

What happened with the audit of Ft. Knox? ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2025-03-28   22:09:04 ET  Reply   Trace   Private Reply  


#2. To: BTP Holdings, Esso, ghostrider, Pinguinite (#1)

I did my tax returns a couple days ago and was furious about the amount of money the Feds were swindling me out of. Like, hadn't I already paid income tax on the money I used to buy those stocks in the first place?

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-28   22:18:54 ET  Reply   Trace   Private Reply  


#3. To: Dakmar (#2)

Did you sell the stocks and make a profit? If so, the Feds want their portion as capital gains. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2025-03-28   22:23:04 ET  Reply   Trace   Private Reply  


#4. To: BTP Holdings (#3) (Edited)

Some of my Hail Mary dip buys turned out good, but it's not capital gains, profits from stock sales are counted as regular income.

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-28   22:27:57 ET  Reply   Trace   Private Reply  


#5. To: BTP Holdings (#3)

Did you sell the stocks and make a profit? If so, the Feds want their portion as capital gains.

By that logic, if you sell at a loss, the gov should reimburse you a %.

Pinguinite  posted on  2025-03-29   18:53:09 ET  Reply   Trace   Private Reply  


#6. To: Dakmar (#2)

How many times is the state going to collect sales tax on that used car? There is a reason the house and lot one purchases is called real estate and a residence and not a domicile. The state charges tax on that replacement light fixture and then raises the property tax because of the increased value.

ghostrider  posted on  2025-03-29   19:12:13 ET  Reply   Trace   Private Reply  


#7. To: Pinguinite (#5)

By that logic, if you sell at a loss, the gov should reimburse you a %.

I think it is bizarre that there is a box on the 1040 to declare gambling losses.

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-29   20:38:57 ET  Reply   Trace   Private Reply  


#8. To: All (#7)

How many times is the state going to collect sales tax on that used car?

About as many times as Mule Skinner Blues has been re-recorded?

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-29   20:47:42 ET  Reply   Trace   Private Reply  


#9. To: Dakmar (#8)

Skin a mule fleece the sheep soon it's one big blur...bend a string to that.

ghostrider  posted on  2025-03-29   22:38:21 ET  Reply   Trace   Private Reply  


#10. To: ghostrider (#9)

Hey, little water boy
Bring that water round
If you don't like your job
Set that water bucket down

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-29   22:50:02 ET  Reply   Trace   Private Reply  


#11. To: All (#10)

Workin' on the good roads
Dollar and half a day
My good gal's waiting on Saturday night
Just to draw my pay

I'm going to town, honey
What you want me to bring you back?
Bring a pint of booze
And a John B. Stetson hat, bring it comin' honey

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-29   22:54:14 ET  Reply   Trace   Private Reply  


#12. To: Esso, Kim (#11)

I smell your bread a burnin'
Turn your damper down
If you ain't got a damper
Good gal, turn your bread around

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2025-03-29   23:06:51 ET  Reply   Trace   Private Reply  


#13. To: Dakmar (#12)

I smell your bread a burnin'

That wasn't my bread Dax. We'll look over your house report as soon as I run some slut off named Zibby on X. She's been persistent about DMing Pac every morning. Her avatar is a picture of her tits. I don't like that.

I'm going to make Jim start coming up to my place in the middle of the week for a sleepover. One day a week isn't enough for either of us. Maybe I can find a quiet place where we can have dinner and some drinks then go back to my place and pretend to be teenagers.

Kim

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-03-30   10:37:38 ET  Reply   Trace   Private Reply  


#14. To: Kimmy, 4um (#13)

Maybe I can find a quiet place where we can have dinner and some drinks...

OMG, GrubHub will think you died and call the cops. LOL!

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-03-30   11:10:53 ET  Reply   Trace   Private Reply  


#15. To: Pinguinite (#5)

gov should reimburse you

That would be a capital loss on your tax return. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2025-03-30   12:27:47 ET  Reply   Trace   Private Reply  


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