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09 May 2025 00:00:00   
Adani Ports  1307.10  (-1.73%)
 
Asian Paints  2300.35  (-0.09%)
 
Axis Bank  1153.35  (-1.52%)
 
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Nestle India  2323.80  (-0.74%)
 
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Power Grid Cor..  299.55  (-2.70%)
 
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St Bk of India  779.40  (1.39%)
 
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Tata Motors  708.50  (3.90%)
 
Tata Steel  142.75  (-0.63%)
 
TCS  3442.20  (-0.15%)
 
Tech Mahindra  1492.95  (-0.60%)
 
Titan Company  3510.80  (4.38%)
 
UltraTech Cem.  11373.60  (-2.20%)
 
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Gold retreats from record $3500 on Fed, tariff shifts     Back
(14:34, 25 Apr 2025)
Gold tumbled to around $3300 per ounce on Friday, snapping its recent rally as hopes of easing US-China trade tensions dented its safe-haven appeal. China’s move to explore tariff exemptions on American goods signaled a possible thaw in the trade war, while a surging US dollar—climbing past 99.5 after President Trump confirmed ongoing trade talks—added to the metal’s pressure. Earlier this week, gold soared to a record $3500 amid fears over the US economy, but pulled back sharply after Trump softened his stance on the Fed’s independence. On the domestic front, MCX June bullion futures fell ₹718 to ₹95194 per 10 grams. Despite the dip, gold still boasts over 30 percent gains year-to-date, supported by persistent global uncertainty.
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