Gold up as tariffs spur demand—is it time to buy? July 14, 2025
Today’s gold price: On July 14, gold prices rose in the domestic futures market as worries about the effects of US tariffs on trade grew. August 5 contracts for MCX Gold hit ₹98,117 per 10 kilos as investors looked for safe-haven assets in the face of growing uncertainties.
Today’s gold price: As growing worries about the effects of US President Donald Trump’s tariff battle increased gold’s appeal as a safe haven,gold prices increased in the local futures market Monday,July 14. Around 11:30 AM,MCX Gold August 5 contracts were up 0.26 percent at ₹98,071 per 10 grams.During the session,MCX Silver September 5 contracts reached a new high of ₹1,14,875 per kg.for that moment,it was trading 1.5% higher for ₹1,14,709 a kilogram.
Trump declared on Saturday that he would begin enforcing a 30% tariff on imports from the European Union (EU) and Mexico on August 1,further intensifying the trade war.
Stock markets are more unpredictable as a result of Trump’s recent assertiveness over tariffs against US trading partners, which has caused investors to rush to safe haven assets like gold.
On Sunday, the European Union announced that it would prolong the halt of its trade sanctions against the United States until August 1, 2025.
Trump emphasized that the higher tariff rates were based on “common sense” and trade imbalances as he announced penalties against at least 22 nations in recent days.
Brazil will pay the highest levy of any of the main nations affected by Trump’s tariffs on August 1st,at 50%,followed by Iraq, Algeria,and Sri Lanka,at 30%.
The Philippines will contribute 20%, while other countries such as Brunei, Libya, and Moldova will contribute 25%.
There are still talks going on with India, and it is hoped that the US and India may reach a trade agreement before the deadline of August 1.
Investors will be keeping an eye on the US inflation data for June,which is due on Tuesday,in addition to news about tariffs.
Gold prices may also be impacted by growing rumors that US Federal Reserve Chair Jerome Powell is thinking of stepping down in response to criticism of an extremely costly $2.5 billion makeover of the Fed’s Washington headquarters.
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