10/4/2025–|Last update: 10/4/202510:26 PM (Mecca time)
Gold prices increased by 3% in Thursday’s trading and reached the highest level ever earlier in the session, as investors resorted to the assets of safe haven amid the escalation of the trade war between the United States and China.
Gold rose in instant transactions 2.5% to $ 3161 an ounce in the latest transactions, after he recorded its highest level ever at 3175.05 dollars earlier in the session.
US gold futures increased 3.2%, registering $ 3177.5.
The White House confirmed today that the large increase in customs duties imposed by US President Donald Trump on Chinese goods, and entered into force today, Thursday, raises the additional definitions imposed by Washington on Beijing to the level of 145%.
“Gold is restoring its attractiveness as a safe haven, and is heading towards achieving its highest levels ever.”
He added, “Nevertheless, the possibilities of concluding deals with commercial partners constitute a great danger to the chances of high gold, as the pressures may be renewed on the metal. Besides, opposite winds may arise from the decline in stakes to reduce interest rates by the Federal Reserve (the US Central Bank), which may enhance the dollar.”
Today’s data showed a decrease in the US consumer price index in March, but the risk of inflation tends to rise after Trump’s decision to increase customs duties on China higher.
In the aftermath of the data, traders bet that the US Central Bank would resume reducing interest rates in June and may reduce the main interest rate by a full percentage by the end of the year.
Dollar
The dollar fell against the yen, the Swiss franc, the euro, as well as against more sensitive currencies, such as the Australian dollar, today, Thursday, with investors to suspend the imposition of American customs duties on dozens of countries.
The dollar decreased in today’s trading 2% to 144.64 yen, by 4% to 0.8237 Swiss francs, and Dow Jones Industrial indicators, Standard & Poor’s 500 and Nasdak, the complex in Wall Street, decreased.
The dollar fell 3.82% against the yen, and by approximately 6.5% against the Swiss franc since the beginning of the month, and heading towards its largest daily loss against the Swiss franc since January 2015.
“Until the drawing of the fees yesterday for 90 days, there were major disturbances in the market, in all markets, and fully adapted to the customs duties system. But because there is a temporary postponement now, each modification is re -modified (again),” said Eugene Epstein, head of the North American structure department in Mane Corp, New Jersey.
The euro rose by about 2.5% to $ 1.1236 after it recorded its largest daily jump since 2022.
The Chinese Central Bank reduced today, Thursday, to the official price of the yuan spending for the sixth consecutive session, indicating its intention to gradually reduce the value of the currency.
Investors are awaiting if the Chinese authorities will reduce the value of the yuan in the framework of their trade war with the United States.
The dollar fell 0.48% to 7,3147 against the yuan in transactions outside China, but it is still above the lowest level it reached on Tuesday at 7,4288 yuans.
Oil
Oil prices fell more than two dollars a barrel today, Thursday, to dispel the gains they achieved in the previous session, while investors re -evaluate the details regarding a glowing suspension of comprehensive American customs duties, in conjunction with the conversion of the focus into a commercial war that is aggravated between Washington and Beijing.
US West Texas Intermediate crude futures fell 3.82% to $ 60, while Brent crude futures fell 3.5% to $ 63.18 a barrel.
Both decades had increased by more than two dollars a barrel yesterday, Wednesday, after President Trump suspended the implementation of large customs duties announced on dozens of commercial partners of the United States a week ago, which represents a sudden transformation less than 24 hours after the entry into force.
The company, Rrits & Associated Commercial Consulting, told its customers today that the high customs duties imposed on Beijing are likely to reduce US crude exports to China, supporting the supply and raising stock levels in the United States.
Kepler data to track ship movement showed that US crude oil exports to China decreased to 112 thousand barrels per day in March, or nearly half of the exports of the same month of last year, which amounted to 190,000.
Government data showed yesterday, Wednesday, that US crude oil stocks increased by 2.6 million barrels last week, which is almost equivalent to the excess of 1.4 million barrels expected by analysts.
