讀後心得

Last Friday, gold prices in New York plummeted significantly due to the impact of tariffs from the Trump administration, with June gold futures falling 2.76% to $3,035.40 per ounce; spot gold prices dropped 2.48% to $3,038.24 per ounce. Despite gold reaching a historical high of $3,167.84 on April 3, it subsequently fell back due to deteriorating market sentiment. The market value of U.S. stocks was severely hit, leading to increased selling pressure on various assets among investors. Despite the risk-off situation, gold may still benefit from trade and economic turmoil this year, with prices rising nearly 16%.

Last Friday, gold prices in New York fell, retreating further from the latest record highs due to the impact of the U.S. government's tariff policy, leading investors to continue selling gold and other assets. The June gold futures price in New York dropped by $86.30, a decline of 2.76%, closing at $3,035.40 per ounce. In contrast, the spot gold price also decreased by $77.10, down 2.48%, to $3,038.24 per ounce. The spot gold price reached $3,167.84 on April 3, surpassing the historical high of $3,149.00 set on April 1. Overall, last week the gold futures price declined by 2.53% on a weekly basis, while the spot gold price fell by 1.52% on a weekly basis.

Influenced by the President's announcement of more aggressive tariff policies, market concerns regarding a global trade war intensified. Last Friday, gold prices continued the decline from Thursday, with investors still selling gold and other asset classes. Following Trump's latest tariff statement, gold prices surged to a historical high of $3,167.84 per ounce on April 3, before experiencing a pullback. The research and metal strategy head at MKS Pamp SA pointed out that the U.S. stock market has seen a historic decline in market value, resulting in significant damage to wealth. Although gold has recently served as a safe haven, it has not completely escaped the impacts of this significant de-risking.

Last Friday, U.S. stocks plummeted, with the S&P 500 index recording its worst week since March 2020. Traders increased their bets on an interest rate cut by the Federal Reserve, leading to a rise in U.S. government bonds. While tariffs have created a shock, gold prices are still expected to benefit this year from the increasingly turbulent trade, macroeconomic, and geopolitical environment. Gold has risen nearly 16% this year, following a strong surge in 2024, primarily driven by significant purchases by central banks, robust demand from Asia, and the Federal Reserve's loose monetary policy.