Gold Price Outlook: Gold futures on the Multi Commodity Exchange (MCX) of India had more than £ 2,800 or more than 2 percent on Friday, April 4, after China announced its 34 percent retaliation tariff against the United States. Gold futures for the contract in June 2025 closed at £ 88.130 following Friday’s commodity market, where the precious yellow metal was subject to heavy profit discussions amid the growing worldwide trade war. After China’s additional tariff announcement, Gold fell 2.17 percent on Friday at 19:34 (IST) to £ 88,099 per 10 grams, compared to £ 90,057 at the previous commodity market. Global Spot Gold prices were also 2.4 percent losses to $ 3,041.11 per ounce on Friday, as investors sold the noble yellow metal amid a stock market accident. According to experts in the commodity market, gold prices are likely to push further disadvantage, as geopolitical tension remains relatively muted. The relief of global uncertainty is expected to reduce the demand for safe assets such as gold. Gold prices under profit discussion? Jateen Trivedi, VP research on commodity and currencies at LKP Securities, emphasized that gold prices were subject to profit discussion on Friday following the additional China tariff announcements, as the markets have positioned themselves for the continued trade war in the last few months. “Gold prices were witness to profit discussions after the official announcement of tariff prices. The move is coming because the markets have already priced over the past few months on the impact of reciprocal trading tariffs, which made the profits a natural result,” Trivedi said. “With the tariff premium that is now mainly discounted, further disadvantage can arise, as geopolitical tension remains relatively subdued, especially from Russia Ukraine and the Middle East. This relief of global uncertainty can lead to a mitigation in demand for safe haven,” he said. “On the technical front, Comex Gold Price, is strong resistance to the $ 3,120 to $ 3,130 zone, while immediate support is about $ 3,050 to $ 3.055. Domestic gold prices to fall? Trade war between the United States and other countries, including China. President Trump’s decision to exclude gold and silver of rates has reduced the supply of the supply of the rising Comex inventaries in the past few months amid concerns about higher import tariffs, “Sachdeva said. Gold’s inability to maintain prices above the $ 3.120 per gram resistance level in international markets and £ 88,800 per 10 gm in the dominant markets indicates a potential setback, with a dollar prices possibly in the coming day, “expected, or even £ 84,000 per kg in the coming day,” they initially expect or even £ 84,000 per kg. the commodities expert. “A broader market sale has urged some investors to reduce their golden exposure. In addition, a strong US payroll report for March has tempered expectations for the aggressive federal reserve rate of this year. The concern that rising tariff -driven inflation could further discourage the Fed, and it contributes to further downward pressure on gold, ‘she said. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.
Gold Price Outlook: How will China tariffs affect MCX -Gold rates? Explain | Einsmark news
