Gold prices rose by 0.17% to settle at ₹90,875 as investors sought safe-haven assets amid concerns over escalating trade tensions. President Donald Trump’s upcoming tariff roll-out, expected to impact a broad range of countries, has heightened fears of a global trade war, pushing gold prices higher. Additionally, New York Federal Reserve President John Williams indicated that monetary policy remains moderately restrictive, aiming to curb inflationary pressures. Goldman Sachs (NYSE:GS) raised its 2025 year-end gold price forecast to $3,300 per ounce from $3,100, citing robust ETF inflows and continued central bank buying.
Gold Rises as Investors Seek Safety Ahead of Trump’s Tariff Implementation Plan
