Gold prices declined on Thursday after reaching an all-time high because investors responded to the new tariffs announced by U.S. President Donald Trump. Spot gold prices dropped 1.4% to $3,090.00 when the market reached 1130 GMT after reaching its historic high of $3,167.57 earlier that day. The U.S. gold futures price dropped 1.7% to $3,111.40.
The gold price has increased 18% during 2025 because of economic uncertainty and geopolitical tensions and central bank purchases. Adrian Ash from BullionVault explained that the stock market suffers from weaker trade and higher costs and shrinking margins while geopolitical mistrust continues to deepen. The negative economic predictions indicate that gold prices will continue to rise.
The new tariffs announced by Trump have created market instability worldwide because they generate inflationary pressures and reduce economic expansion potential. The new trade restrictions do not apply to gold so the metal remains accessible to U.S. consumers.
The silver price dropped 4.7% to $32.44 because of semiconductor tariff worries while platinum prices fell 2.6% to $957.60 and palladium prices decreased 1.6% to $954.78. The analysts at ANZ expect gold prices to reach $3,200 during the following six months because of persistent central bank purchases and worldwide uncertainty.
