Gold rallies to new high as Trade war fears rekindle

Mar 29, 2025

Gold jewel at Gem Award 1According to the Augmont Bullion recent report, gold active contract June futures hit a new all-time high above $3117 as rising global trade tensions, uncertainty regarding Trump’s reciprocal tariffs, and a risk-off mindset continue to fuel safe-haven flows. Bets that the Fed will resume its rate-cutting cycle shortly boost gold prices.

Gold currently has the wind at its back. U.S. trade policy, U.S. fiscal policy, geopolitics, and a slowdown in growth are all blowing in the direction of gold. Uncertainty surrounding tariffs, the possibility of interest rate reduction, geopolitical crises, and central bank purchases have all contributed to gold’s 18% ascent in 2025.

From Technical front, gold active June contract has sustained above $3100 (~Rs 89500), next psychological resistance is $3150 (~Rs 91000) and Silver has broken its range, breaking the resistance of $35 (~Rs 101,000). If prices continue this uptrend, the next target is $38 (Rs 110,000).

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