Gold prices saw a slight increase on April 2, 2025, as market uncertainty pushed investors toward safe-haven assets. Spot gold climbed 0.3%, reaching $3,118.29 per ounce during early trading. This upward trend is largely due to growing concerns over the U.S. government’s upcoming reciprocal tariffs.
Dubbed “Liberation Day” by President Donald Trump, the new tariff policy is expected to disrupt global trade, potentially driving inflation higher and slowing economic growth. As a result, investors are turning to gold as a hedge against financial instability.
Market analysts predict that if economic conditions remain uncertain, gold prices could rise further, possibly reaching $3,300 per ounce in the coming months. Meanwhile, U.S. stock markets opened lower, with the S&P 500, Dow Jones, and Nasdaq all showing declines as traders reacted to the tariff developments.
With economic and geopolitical risks looming, gold continues to be a preferred asset for investors seeking stability in volatile markets.