Sunday, September 7, 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 Leadership

Gold recoups from one-week low as tariff uncertainty weighs on risk appetite

by Yurie Miyazawa
in Leadership
Gold recoups from one-week low as tariff uncertainty weighs on risk appetite
Share on FacebookShare on Twitter


GOLD prices climbed on Wednesday (Feb 26), recovering from a one-week low touched in the previous session, as uncertainties stemming from US President Donald Trump’s tariff plans dampened risk appetite and boosted demand for safe-haven bullion.

Spot gold was up 0.3 per cent at US$2,925.05 an ounce, as at 0041 GMT. Prices dropped more than 2 per cent on Tuesday.

US gold futures rose 0.6 per cent to US$2,936.30.

Amid the ongoing tariff threats, Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild US production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

As an aftermath of tariff concerns, US consumer confidence deteriorated at its sharpest pace in 3½ years in February, while 12-month inflation expectations surged.

“It’s hard to make significant monetary policy changes amid such uncertainty,” Richmond Federal Reserve president Tom Barkin said on Tuesday.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Higher inflation may force the Fed to keep rates higher, tarnishing non-yielding gold’s appeal.

Concerns about a looming trade war, fuelled by Trump’s tariff proposals, have driven gold, a safe-haven asset, to reach a record high of US$2,956.15 on Monday.

Elsewhere, China’s total gold imports via Hong Kong in January fell 44.8 per cent from December to their lowest point since April 2022, data from the Hong Kong Census and Statistics Department showed on Tuesday.

Spot silver was steady at US$31.72 an ounce, platinum rose 0.1 per cent to US$967.35, and palladium was 0.3 per cent higher at US$930.32. REUTERS

Tags: appetiteGoldoneweekrecoupsRiskTariffUncertaintyWeighs
Yurie Miyazawa

Yurie Miyazawa

Next Post
The unravelling of Hour Glass co-founder Jannie Chan’s fortunes

The unravelling of Hour Glass co-founder Jannie Chan’s fortunes

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