Tuesday, February 25, 2025
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HomeEnglishGold and Silver Trade Volatile Amid Tariff and Geopolitical Uncertainty

Gold and Silver Trade Volatile Amid Tariff and Geopolitical Uncertainty

U.S. President Donald Trump reaffirmed that the delayed tariffs on imports from Canada and Mexico will take effect next week. Trump, who had signed executive orders on February 1 imposing 25% tariffs on Mexican and Canadian products and 10% duties on Canadian energy, stated, “The tariffs are going forward on time, on schedule.” The move has heightened trade war concerns, influencing global market sentiment.

In Europe, political shifts are adding to market uncertainties. Germany’s likely next chancellor, Friedrich Merz, called for Europe to “achieve independence” from the United States. His center-right Christian Democratic Union (CDU) and its sister party secured 28.6% of the vote in Sunday’s election, marking a shift towards conservative leadership amid rising support for the far-right.

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Meanwhile, President Trump’s policy shift on Ukraine has deepened tensions with U.S. allies. On Monday, the U.S. and Russia both voted against a European-backed resolution at the United Nations General Assembly, which condemned Moscow’s 2022 invasion of Ukraine. For the first time since the war began, Washington aligned with Moscow in the Security Council, backing a resolution that called for a “swift end” to the conflict without blaming Russia—a stark contrast to the Biden administration’s approach.

Gold and silver markets reflected this global uncertainty. On Monday, gold April futures settled at $2,963.20 per troy ounce, rising 0.34%, while silver March futures dropped 1.24% to $32.603 per troy ounce. In the domestic market, gold April futures closed at ₹86,184 per 10 grams, up 0.20%, whereas silver March futures declined by 1.15%, settling at ₹95,089 per kilogram. Gold prices surged to a fresh lifetime high due to safe-haven buying amid geopolitical risks, rising ETF holdings, and ongoing Israel-Hamas ceasefire concerns. However, silver extended its losses, pressured by industrial metal weakness and a rebound in the U.S. dollar index.

Market expert Manoj Kumar Jain, Director at Prithvi Finmart, expects gold and silver to hold key support levels of $2,860 and $30.88 per troy ounce, respectively, on a weekly closing basis. He anticipates continued volatility in gold and silver prices due to fluctuations in the dollar index and trade war fears.

For Tuesday’s session, Jain sees gold support at $2,945–2,932 and resistance at $2,978–2,992 per troy ounce, while silver has support at $32.40–32.00 and resistance at $32.84–33.20 per troy ounce. In the MCX domestic market, gold has support at ₹85,850–85,600 and resistance at ₹86,500–86,820, while silver’s support stands at ₹94,400–93,750 and resistance at ₹95,800–96,600. Jain suggests buying gold on dips around ₹85,800, with a stop loss at ₹85,480, targeting ₹86,600.

Tuesday, February 25, 2025
08:30 PM – US CB Consumer Confidence FEB
10:15 PM – US Fed Barr Speech

Wednesday, February 26, 2025
07:00 PM – US Fed Barkin Speech
08:30 PM – US New Home Sales JAN

Thursday, February 27, 2025
07:00 PM – US GDP Growth Rate QoQ 2nd Est Q4
07:00 PM – US Initial Jobless Claims FEB/22
07:00 PM – US Core PCE Prices QoQ 2nd Est Q4
08:30 PM – US Fed Barr Speech

Friday, February 28, 2025
01:45 AM – US Fed Harker Speech
07:00 PM – US Core PCE Price Index MoM
07:00 PM – US Personal Income MoM JAN
07:00 PM – US PCE Price Index MoM JAN

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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here

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