{"id":20455,"date":"2025-04-10T03:09:24","date_gmt":"2025-04-10T03:09:24","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20455"},"modified":"2025-04-10T03:09:24","modified_gmt":"2025-04-10T03:09:24","slug":"gold-surges-past-3100-as-tariff-war-escalates","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-surges-past-3100-as-tariff-war-escalates\/","title":{"rendered":"Gold Surges Past $3,100 as Tariff War Escalates"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/gold3-1024x559.png\" alt=\"\" class=\"wp-image-16976\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold climbs to <strong>$3,116.46<\/strong>, extending gains after bottoming at <strong>$2,971.18<\/strong> on Wednesday.<\/li>\n\n\n\n<li>President Trump imposes <strong>125% tariffs on Chinese goods<\/strong>, following China&#8217;s <strong>84% countermeasure<\/strong>.<\/li>\n\n\n\n<li>World Gold Council reports <strong>Q1 ETF inflows of 226.5 metric tons<\/strong>, valued at <strong>$21.1 billion<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold extended its sharp upward trajectory on Thursday, <strong>rising over 1% intraday to reach $3,116.46\/oz<\/strong>, as a worsening trade war between the U.S. and China sent traders rushing back into the precious metal. The move follows a <strong>more than 3% surge<\/strong> from the previous session, with <strong>XAU\/USD rebounding from a low of $2,971.18<\/strong> to decisively break the <strong>$3,100 resistance level<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold edged higher after posting its biggest one-day gain in 18 months, as confusion over US President Donald Trump\u2019s tariff agenda drove investors to buy the precious metal as a haven <a href=\"https:\/\/t.co\/tJDZHlIK7p\">https:\/\/t.co\/tJDZHlIK7p<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1910132037266157670?ref_src=twsrc%5Etfw\">April 10, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The catalyst: a <strong>fresh volley of tariff escalations<\/strong>. President <strong>Donald Trump raised duties on Chinese imports to 125%<\/strong>, just hours after <strong><a href=\"https:\/\/t.co\/cU5jvNS7ln\">Beijing hiked its own tariffs to 84%<\/a><\/strong> on U.S. goods. Though Washington simultaneously announced a <strong><a href=\"https:\/\/t.co\/WJbPGUIlzv\">90-day reduction of tariffs to 10% for most trade partners<\/a><\/strong>, the sudden hardening of its stance on China overshadowed any diplomatic thaw.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Technical Outlook<\/h3>\n\n\n\n<p>The 15-minute chart reflects a clean bullish structure. Price broke out above the previous resistance at <strong>$3,100<\/strong>, supported by a clear <strong>MACD crossover and bullish histogram momentum<\/strong>. Moving averages (5, 10, 30) are aligned in an uptrend, confirming strong directional bias. The next short-term resistance may emerge near <strong>$3,120\u2013$3,125<\/strong>, while support now lies at <strong>$3,060<\/strong> and <strong>$3,002<\/strong>, the latter being a critical psychological floor from earlier in the week.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-11-1024x436.jpg\" alt=\"\" class=\"wp-image-20456\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold pushes to fresh highs as 3100 gives way with strong follow-through, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The breakout marks a continuation of gold\u2019s impressive run, suggesting bulls remain in control, especially with macroeconomic uncertainty growing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Macro Drivers: Inflation, Trade, and Flow Support<\/h3>\n\n\n\n<p>Beyond geopolitics, traders are processing the <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/fed-policymakers-discussed-increased-risk-of-inflation-at-march-meeting-fomc-minutes\/ar-AA1CCjoa?ocid=finance-verthp-feeds\">FOMC minutes<\/a><\/strong>, which revealed near-unanimous concern over <strong>persistent inflation and weakening growth<\/strong>. With interest rate path expectations now heavily dependent on upcoming <strong>U.S. CPI and PPI figures (due Friday)<\/strong>, markets are already pricing in a dovish tilt by mid-year.<\/p>\n\n\n\n<p>Meanwhile, the <strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/gold-etfs-drew-largest-inflow-three-years-q1-says-wgc-2025-04-08\/#:~:text=Gold%20ETFs%20saw%20an%20inflow,of%20Russia's%20invasion%20of%20Ukraine.\">World Gold Council reported inflows of 226.5 metric tons into gold-backed ETFs<\/a><\/strong> during Q1\u2014equivalent to <strong>$21.1 billion in value<\/strong>. This surge in institutional demand underscores gold\u2019s appeal not only as a defensive asset, but also as a strategic allocation in portfolios seeking protection from rate volatility and systemic shocks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h3>\n\n\n\n<p>If Friday\u2019s inflation data surprises to the upside, the Fed may remain cautious, and gold could face some short-term profit-taking. However, with <strong>real yields under pressure<\/strong> and <strong>risk-off flows accelerating<\/strong>, the broader path for gold remains to the upside. Traders should monitor the <strong>$3,120\u2013$3,150<\/strong> band for resistance, while dips back to <strong>$3,060 or $3,000<\/strong> may offer fresh entry opportunities in an increasingly unstable macro climate.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold rallies more than 3% over two days on safe-haven demand amid soaring U.S.\u2013China tariffs and hawkish Fed minutes. ETF inflows and CPI data ahead add fuel to the bullish trend. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-20455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/20455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=20455"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/20455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16976"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=20455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=20455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=20455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}