Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Gold inches higher on concerns over Trump tariff threats

by Mark Darwin
in Lifestyle
Gold inches higher on concerns over Trump tariff threats
Share on FacebookShare on Twitter


GOLD prices edged higher on Tuesday (Feb 18) as uncertainty over US President Donald Trump’s tariffs continued to dominate sentiment, reinforcing bullion’s appeal as a safe-haven asset amid fears of a potential global trade war.

Spot gold was up 0.1 per cent at US$2,898.99, as at 0030 GMT. US gold futures gained 0.4 per cent to US$2,912.60.

US Federal Reserve governor Michelle Bowman said on Monday she wanted increased conviction that inflation will decline further this year before lowering interest rates again, particularly given uncertainty around the impact of the Trump administration’s new trade and other policies.

Since his inauguration, Trump has imposed a 10 per cent tariff on Chinese imports, announced and delayed 25 per cent tariffs on goods from Mexico and non-energy imports from Canada, set a date for 25 per cent tariffs on imported steel and aluminium, and is planning reciprocal tariffs on all countries taxing US imports.

Bullion is viewed as a traditional hedge against rising inflation and geopolitical uncertainties.

Fed officials are scheduled to speak later in the day to give further insights on monetary policy trajectory.

Meanwhile, Goldman Sachs raised its gold price forecast to US$3,100 per ounce from US$2,890 per ounce for end-2025 on structurally higher central bank demand.

On the geopolitical front, a group of European leaders agreed at a meeting in Paris on Monday they were ready to give Ukraine security guarantees, but it would be dangerous to conclude a ceasefire without a peace agreement at the same time, a European Union official said.

Spot silver fell 1.3 per cent to US$32.37 an ounce. Platinum gained 0.5 per cent to US$980.29, and palladium climbed 1.4 per cent to US$976.35. REUTERS

Share with us your feedback on BT’s products and services

Tags: ConcernsGoldHigherInchesTariffThreatsTrump
Mark Darwin

Mark Darwin

Next Post
TPG proposes to privatise Econ Healthcare in S million deal

TPG proposes to privatise Econ Healthcare in S$88 million deal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In