GOLD JUMPS TO FRESH HIGHS AMID GEOPOLITICAL FEARS AND TARIFF ISSUES

Published on Mar 18, 2025 14:27

Gold prices surged near the $3040 mark in Asia on Tuesday, reaching a record high as escalating Middle East tensions and tariff uncertainties fueled safe-haven demand. Israel�s airstrikes on Gaza and President Trump�s warning to Iran over Houthi attacks added to market unease. MCX bullion futures for April delivery touched a fresh peak of 88649, rising nearly 600. Meanwhile, India�s gold imports in February 2025 fell 60 percent year-on-year to 20354 crore, with monthly imports down 12 percent. Silver imports also tumbled by 51 percent. Investors are now closely watching the US Federal Reserve�s policy meeting for signals on future rate directions.