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Gold Jumps as Safe-Haven Demand Ramps Up Again
2025-04-09 11:58:37
Gold futures were rising, regaining momentum on renewed safe-haven demand. Futures were up 2.4% at $3,063.0 a troy ounce.
The precious metal had been heavily sold off in Thursday’s, Friday’s, and Monday’s sessions as investors rushed to cover losses elsewhere in the market in the wake of President Donald Trump’s tariff announcements, but it has since recouped much of its losses.
If trade tensions persist and inflation concerns return to the forefront of market worries, gold could be poised for another record-breaking rally, Sucden Financial analysts said in a note.
