Gold on the Mend? Cautious Upswing as Tariffs Loom
Gold on the Mend? Cautious Upswing as Tariffs Loom
Gold prices edge higher amid tariff uncertainty, with analysts signaling limited upside without new catalysts.
Gold prices have edged higher this week, but traders say the upside could be capped by a lack of major catalysts. The precious metal tends to shine during times of global uncertainty, and with investors weighing fresh signs on trade policy, safe-haven demand remains a key driver.
Global cues remain dominated by tariff headlines. The possibility of restarting the US tariff agenda has kept markets jittery, helping bullion maintain a bid as traders seek shelter from risk. On exchange platforms, April futures on MCX slid, while international Comex futures also faced pullbacks as short-term momentum cooled amid tariff chatter.
Domestically, price moves for 18K, 22K and 24K gold have mirrored global sentiment. A dip in MCX-traded gold futures tracked the broader mood, with traders parsing how tariff developments and related policy moves could shape domestic demand. Nonetheless, safe-haven buying persisted at times, helping gold climb during bouts of renewed uncertainty about US trade policy and regulatory decisions.
Looking ahead, analysts say the path for gold will hinge on fresh catalysts. If tariff tensions intensify or inflation data surprises, gold could test nearby resistance levels. In the absence of clear catalysts, the metal may remain range-bound with occasional bursts of buying when risk aversion spikes.
