Gold Price Today News: U.S. President Donald Trump announced on Wednesday that his administration would impose a 25% tariff on all cars not manufactured in the United States, reinforcing his aggressive stance on trade policies. Trump emphasized that vehicles built domestically would remain exempt from any additional tariffs. Today Gold and silver prices opened on a positive note. The U.S. GDP data is set to be released this evening, with analysts anticipating a potential decline in economic growth.
The move is expected to impact global automakers exporting to the U.S., potentially escalating tensions with key trade partners. Over the past two months, Trump has already increased tariffs on Chinese goods by 20%, signaling continued economic protectionism.
In a separate statement, Trump also suggested a willingness to ease tariffs on China to facilitate a deal with TikTok’s parent company, ByteDance. The company has until April 5 to find a non-Chinese buyer for the app or face a U.S. ban due to national security concerns. This deadline was originally set for January under a 2024 law targeting foreign ownership of social media platforms.
For Expert Views on Gold and Silver Prices Watch Our Youtube Channel- (14 Million Views)
China’s Industrial Profits Decline as Economic Concerns Grow
Adding to global economic uncertainty, China’s industrial profits fell 0.3% in the first two months of the year, official data showed on Thursday. This marks the third consecutive year of declines, reflecting the challenges faced by the world’s second-largest economy amid weakening demand and global trade tensions.
The prolonged downturn in industrial profits has fueled calls for policymakers to step up economic support measures, as businesses grapple with higher tariffs, supply chain disruptions, and slowing domestic consumption.
Gold and Silver Prices Respond to Market Volatility
Following Trump’s tariff announcement and concerns over China’s economic slowdown, gold and silver prices fluctuated amid global market uncertainty. On Wednesday the gold June futures contract settled at $3,052.30 per troy ounce, down 0.07%, while silver May futures edged up 0.10%, closing at $34.222 per troy ounce.
In domestic markets, gold prices saw slight gains. The gold April futures contract settled at ₹87,638 per 10 grams, up 0.10%, while silver May futures closed at ₹99,486 per kg, marking a 0.34% increase.
Market volatility was driven by a strengthening U.S. dollar, with the dollar index surpassing 104, and U.S. 10-year bond yields climbing above 4.33%, triggering profit-taking in gold and silver. However, safe-haven buying picked up as equity markets plunged, fueled by concerns over U.S. trade policies.
Additionally, geopolitical uncertainties—including Middle East tensions and fading hopes for a Russia-Ukraine peace deal—continued to support gold and silver prices as investors sought stability amid rising risks.
U.S. Economic Data Supports Precious Metals
Adding to market movements, the latest U.S. durable goods orders report showed a stronger-than-expected increase of 0.9% in February, defying analyst expectations of a 1.1% decline. The core durable goods orders also rose 0.7%, exceeding the 0.2% estimate, highlighting continued economic resilience despite inflationary pressures.
Market Outlook: Volatility Ahead for Gold and Silver
According to market expert Manoj Kumar Jain, gold and silver prices are expected to remain volatile amid fluctuations in the dollar index and ongoing trade tensions. He predicts that both metals will hold key support levels of $2,950 and $31.40 per troy ounce on a weekly closing basis.
For today’s session:
- Gold has support at $3,034-$3,022 and resistance at $3,068-$3,080 per troy ounce.
- Silver has support at $33.80-$33.55 and resistance at $34.50-$34.80 per troy ounce.
On MCX,
- Gold is supported at ₹87,400-₹87,180, with resistance at ₹87,850-₹88,100.
- Silver’s support stands at ₹98,800-₹98,220, with resistance at ₹1,00,200-₹1,01,000.
Jain suggests buying silver around ₹98,800 with a stop loss of ₹98,220 for a target of ₹1,00,200.
Big Data Today- Thursday, March 27, 2025
🔹 United States:
- GDP Growth Rate (QoQ) Final Q – 6:00 PM
- Initial Jobless Claims (March) – 6:00 PM
- Core PCE Prices (QoQ) Final – 6:00 PM
Friday, March 28, 2025
🔹 United States:
- Core PCE Price Index (MoM) February – 6:00 PM
- Personal Income (MoM) February – 6:00 PM
Gold Price Today Digital Media Network
Facebook group of 80,000 jewellers – Sunar Jewellers Ekta – https://www.facebook.com/groups/goldsilverpricenews
Website- https://goldpricetoday.co.in/
Facebook Page- https://www.facebook.com/Goldsilverpricetoday
Instagram- https://www.instagram.com/goldpricetodaynews/
X- https://twitter.com/today_gold
Telegram Group- https://telegram.me/goldsilverprice
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.
