Tariff uncertainty boosts safe haven, US dollar rebounds slightly on Monday Gold price hits historic high for three consecutive trading days

01 Apr, 2025

On Monday, due to the uncertainty of US tariffs, the market remained cautious and the US dollar index closed slightly up 0.17% at 104.18.

On Monday, due to the uncertainty of US tariffs, the market remained cautious and the US dollar index closed slightly up 0.17% at 104.18. The benchmark 10-year US Treasury yield closed at 4.2100%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 3.8950%. Gold continued its strong trend on Monday, breaking through $3120 per ounce and setting a new historical high. The uncertainty surrounding tariffs boosted safe haven demand, resulting in the strongest quarterly performance of gold prices since 1986 Due to Trump's warning of the possibility of imposing secondary tariffs on Russian oil buyers, threatening to bomb Iran and impose tariffs, international oil prices have risen significantly. WTI crude oil ultimately closed up 3.41% at $71.32 per barrel; Brent crude oil closed up 3.14% at $74.67 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.