Gold Costs Soar Amid Trade War Fears
Gold rates rose to tape-record highs Wednesday, fueled by escalating US-EU profession stress. MCX gold futures struck 1, 53, 316 per 10 grams, a close to 2 % boost.
- Driving elements: US-EU profession war anxieties, buck weak point, solid retail demand.
- Tariff influence: The US intends 10 % tolls on 8 European nations starting February 1, possibly increasing to 25 % in 2026
- Market reaction: Investors look for safe-haven assets among international financial uncertainty. Specialists encourage “acquire on dips” strategy, avoiding short selling while holding over 1, 44, 000
