Concerns about the risk of stagflation in the United States have eased, and the US dollar rose on Thursday Two major positive factors help gold prices break historical highs again, with bulls targeting above the $3000 mark

14 Mar, 2025

On Thursday, following Trump's latest threat to impose tariffs on European imported goods

On Thursday, following Trump's latest threat to impose tariffs on European imported goods, the US dollar index surged and fell above the 104 mark, then quickly gave up its gains and ultimately closed up 0.251% at 103.84. Supported by safe haven sentiment, US Treasury bonds rose while yields collectively fell, with the benchmark 10-year Treasury yield closing at 4.273%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.98%. Gold prices surged over $50 on Thursday, closing at $2988.64 per ounce. On Friday, they slightly broke a record high to $2989.72 per ounce, approaching the key milestone of $3000 per ounce, driven by rising tariff uncertainty and bets on the Federal Reserve relaxing monetary policy. Due to market trade-offs including macroeconomic concerns over escalating trade tensions and progress in ceasefire negotiations between Russia and Ukraine, international oil prices have fallen. WTI crude oil closed down 1.38% at $66.47 per barrel; Brent crude oil closed down 1.29% at $69.81 per barrel.

x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.