Commodities Corner
Gloomy economic growth outlook offers ‘perfect backdrop for further gains in gold’, says BullionVault’s Adrian Ash
Published: April 3, 2025 at 1:56 p.m. ET
Gold fell victim to a selloff in global markets Thursday after President Donald Trump announced wide-ranging tariffs on foreign imports — but it’s still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day’s settlement.
Gold bulls were looking to “buy the dip amid trade-war chaos,” Jake Hanley, managing director and senior portfolio specialist at Teucrium, told MarketWatch, as gold futures traded well off Thursday’s intraday lows.
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