Fri Apr 04 01:20:00 UTC 2025: ## Gold Prices Steady Amidst Trade War Fears, Set for Fifth Weekly Gain
**London, [Date]** – Gold prices remained stable on Friday, poised for their fifth consecutive weekly increase, driven by heightened demand for safe-haven assets amid escalating concerns over a global trade war. The surge in demand follows President Trump’s announcement of sweeping tariffs on imports to the United States.
Spot gold held steady at $3,109.95 an ounce, while U.S. gold futures edged up 0.3% to $3,129.60. This comes after a significant 2% drop in the previous session triggered by a broader market sell-off in response to the tariffs. The decline followed a record high of $3,167.57 reached just hours earlier.
Trump’s proposed 10% baseline tariff on all imports, with higher rates for key trading partners, sparked fears of escalating price increases in the US, the world’s largest consumer market. These fears, and the uncertainty surrounding the economic impact of the tariffs, are fueling investor demand for gold.
Analysts suggest the unexpected breadth of Trump’s trade plan has left the Federal Reserve seeking further clarity on its economic implications. The market awaits the release of the U.S. non-farm payrolls report later in the day, which is expected to shed light on the Fed’s future interest rate decisions.
Other precious metals showed mixed performance. Silver rose slightly, while platinum remained unchanged, and palladium experienced a slight decline.
First Piper 