Gold price today: Yellow metal hits a week’s low at record highs in the trade war, and silver drops 3%

Today’s gold price: Gold metals fell to their lowest level in more than a week after global investors booked profits in international markets on Tuesday, February 25. The weakness is that the gold medal set a record at the last session, which is ongoing concern about US President Donald Trump’s tariff plan.

Spot Gold ended up falling 1.8% to $2,998.18, the lowest level since February 17. Gold hit a record price of $2,956.15 on Monday. U.S. gold futures fell 1.8% to $2,909.30. This year, safe gold has reached 11 records, surpassing the $2,950/ounce milestone. Spot Silver’s last ounce fell to $31.41 per ounce, platinum fell to $957.25, while Palladium lost 1.5% to $926.21.

Please read also: The biggest single-day decline in the 3-week period: Is the currency expected to address further weaknesses? Expert weight

Today’s gold price: What drags onto the yellow metal?

– Donald Trump said Monday that tariffs on Canadian and Mexico imports were “on time and on schedule” despite efforts by these countries to strengthen border security and halted the March 4 deadline. U.S. tariffs have sparked concerns about a global market trade war.

– Gold speculators cut their net long positions to 201,962 in the week ended February 18, while SPDR Gold Trust Holdings rose to 904.38 metric tons on Friday, the highest since August 2023, according to Reuters of News Agency.

– Meanwhile, investors and economists now want the U.S. Federal Reserve to respond “strongly, systematically” to changes in inflation and labor markets, according to a study released by the Federal Reserve on Monday.

Please read also: Gold and Stocks: Will Indian investors move to stocks as gold prices rise?

– High inflation could force the U.S. Federal Reserve to maintain higher interest rates, thus damaging the attractiveness of non-yield gold. Now, investors are waiting for the U.S. Personal Consumption Expenditure (PCE) report on the Fed’s preferred inflation meter released on Friday to understand central banks’ interest rate pathways and monetary policy.

Today’s gold price: Where is the yellow metal?

Comex Gold Futures surged to a record $2,974 an ounce on Monday, as geopolitical tensions escalated and a massive flow of gold medal ETFs. Concerns about Israel-Hamas ceasefire, stagnant Russia-Ukraine peace talks and U.S. trade protectionism have sparked a safe haven purchase.

“Comex Gold remains the range of $2,930-2,955 and has been in the merger phase in the past few meetings,” said Jateen Trivedi, vice president research analyst at LKP Securities. “The focus of market participants is on the upcoming PCE price index, which can serve as the next major trigger, as well as the continued development of Trump’s tariff policy.”

Please read also: NVIDIA Q4 results preview: Will DeepSeek affect AI Bellweather’s revenue report? This is what Wall Street expects

Investment demand remains strong, with the World Gold Council (WGC) data showing a major 48 tons of North American gold-backed ETF worth $4.6 billion last week, the biggest weekly increase since April. SPDR Gold Holdings rose to 904.38 tons, the highest since August 2023.

“Today, gold seems unlikely to drop to around $2,953 per ounce, although concerns over Trump’s tariff proposal and Russia’s ever-presented concerns about Ukraine’s largest drone attack ever could limit Global Risk Appetite.” – Commodity Research.

Meanwhile, sentiment in U.S. consumers has dropped to 15-month lows, with long-term inflation expected to reach 30 years as fears that President Donald Trump’s widespread tariffs could worsen inflation, highlighting the economic outlook Weakness and promoted expectations for another slowdown as early as July.

Disclaimer: The opinions and suggestions provided in this analysis are those of an individual analyst or brokerage firm, not mint. We strongly recommend that investors consult certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions may change rapidly and individual situations may vary.