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Mint
7 days ago
- Business
- Mint
Trump's tariff: Gold price surges for fourth week. Is it right time to invest?
Gold prices continued their upward momentum for the fourth straight week amid escalating geopolitical risks and rising trade tensions. On Tuesday, July 15, Gold prices traded higher driven by heightened global trade tensions that boosted demand for safe-haven assets. As of 0635 GMT, spot gold rose 0.5 per cent to $3,359.01 per ounce, while U.S. gold futures edged up 0.3% to $3,368.20. Back home, the yellow metal inched up in early morning trade on Tuesday. MCX Gold futures for August 5 delivery were up by 0.12 per cent at ₹ 97,896 per 10 grams, while MCX Silver futures for September 5 delivery were trading 0.54% lower at ₹ 1,12,330 per kilogram during the same period. Anuj Gupta, Director, Ya Wealth Research & Advisory, says that safe haven demand against uncertainty provide support to the gold prices. The latest surge in prices is being fueled by renewed safe-haven demand, as uncertainty deepens around Trump's aggressive trade tactics and escalating US-Russia tensions. Reports suggest that Trump is preparing to send offensive weapons to Ukraine, which risks intensifying the ongoing conflict with Russia. In addition, the US administration is drafting a sanctions bill that could grant Trump sweeping authority to punish Russia and any nation supporting its war efforts. Proposed tariffs include a massive 500 per cent duty on countries aiding Russia, potentially impacting China, India, and Brazil. According to Sugandha Sachdeva- Founder-SS WealthStreet, price outlook suggests that gold remains well-supported at $3,280 per ounce in the international market, with potential to move higher towards $3,445–$3,450 per ounce in the coming sessions. ' On the domestic front, support lies near Rs.96,000 per 10gm, while prices are expected to head towards Rs.98,800 per 10gm initially. A breakout above this could pave the way for a retest of the Rs.1,00,000 mark. All eyes would now be on the US June consumer and producer price index data as well as the US Fed meeting lined up towards the end of this month, which is likely to provide further cues for the precious metal. Trade-related headlines will also continue to dominate sentiment and influence gold's trajectory,' Sachdeva said. Sachdeva further recommended investors to remain alert to macro developments, as they will be critical in shaping the next leg of gold's move, as volatility rises.
Mint
13-07-2025
- Business
- Mint
Is Bitcoin competing against gold as safe haven bet amid Trump's tariff uncertainty? EXPLAINED
Bitcoin surged to all-time record on Thursday, moving past $118,000 and even crossing the $119,000 mark on Friday, before settling at $118,780. This sharp rise comes as global stock markets decline, driven by trade and tariff tensions sparked by US President Donald Trump's tariff notices to over 20 countries. The rally also marks the end of a two-month lull in the cryptocurrency market, with Ether rising above $3,000 for the first time since February. ' The milestone comes amid growing allocations into bitcoin from institutional & corporate treasuries. They are accumulating bitcoin aggressively. Strategy Inc & GameStop Corp, have joined the ranks, announcing board‑approved Bitcoin purchases. Now bitcoin looks like a safe haven asset like gold against the market uncertainity, like war, trade tariffs & political unstability,' said Anuj Gupta, Director, Ya Wealth Research & Advisory. Gold vs Bitcoin Sugandha Sachdeva- Founder-SS WealthStreet, believes that Bitcoin is increasingly earning the moniker 'digital gold' because, like the yellow metal, it tends to attract capital whenever traditional risk assets wobble. Risk appetite faltered, but Bitcoin after an initial dip to $74,420 rebounded sharply, surging to a record $112,000 in May and still hovering near $111,150. That's a 49 per cent advance off its April low, far outpacing gold's 12 per cent rise from its April trough of $2,956. ' With the US dollar retreating against major currencies, investors have migrated toward scarce, non-yielding stores of value. Both gold and Bitcoin benefit, but Bitcoin's thinner market depth magnifies price swings on incremental flows. Further, Bitcoin's fixed 21 million-coin supply shields it from the kind of balance-sheet expansion that debases fiat currencies an attribute that resonates as global sovereign debt scales fresh highs. However, the key difference is that central banks continue to diversify into gold, reinforcing its safe-haven pedigree. By contrast, official adoption of Bitcoin remains tentative, suggesting sovereign demand could be a future, rather than current, driver of flows,' Sachdeva said. The post-tariff rally underscores that Bitcoin, despite its higher volatility, is starting to mirror gold's role as a refuge when policy shocks rattle conventional markets. As long as debt overhangs grow and the dollar stays soft, the search for debasement-resistant assets should keep Bitcoin in demand alongside bullion, she added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
09-07-2025
- Business
- Mint
Trump's tariffs: Why did US President Donald Trump extend deadline for Japan, South Korea?
Trump tariffs: U.S. President Donald Trump has extended the deadline for tariffs on key trading partners, including Japan, South Korea, and Malaysia, until August 1, while imposing fresh tariffs in the range of 25% to 49%. The announcement has already led to volatility in stock markets across the globe, and its ripple effects are expected to affect investors in the weeks ahead. Japan's Nikkei added 0.3% and South Korea's KOSPI climbed 0.5% today. At the same time, Australia's stock index declined 0.5%, and Hong Kong's Hang Seng lost 0.7%. Back home, the Indian stock market traded in a narrow range, gyrating between gains and losses. With markets preparing for ongoing volatility, it's important for investors to grasp how this extension might influence their portfolios. 'The delay of the tariff deadline is more than just a temporary relief for trading partners, but it's also a signal that the trade war is far from over. Investors need to assess how global supply chains could be disrupted further and consider hedging strategies to protect their portfolios from potential market shocks,' said Fei Chen, Investment Strategist and Founder and CEO of Intellectia AI. Anuj Gupta, Director, Ya Wealth Research & Advisory, believes that Trump's tariff postponement indicates his intention to assess the growth prospects of the U.S. economy more closely. 'It also appears he is aiming to reduce market uncertainty before moving forward,' said Gupta. Gupta further said that following the recent conflict between Israel and Iran, Trump has slightly softened his previously aggressive stance, opting to delay the implementation of tariffs as part of a more cautious and measured approach. According to Sugandha Sachdev, VP, Religare Broking, the extension underscores Trump's preferred tactic: threaten maximal action, then retreat tactically if counterparties engage in 'good-faith' talks. Extending the deadline lets Washington convert this goodwill into concrete concessions rather than risk squandering it with a sudden tariff shock. "The objective remains unchanged, narrowing the trade deficit and reshoring production, but the White House is showing investors it can calibrate pressure without destabilising the recovery. The postponement is less a climb-down than a calculated move to lock in diplomatic wins, safeguard the domestic economy and coax trading partners toward concessions that make across-the-board tariffs unnecessary," Sachdev said. Sachdev further explained that markets should therefore view the delay as a pragmatic step that keeps the growth narrative intact while preserving Trump's leverage for the further negotiating rounds. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
