Mumbai, April 2 -- Gold surged past $3163 per ounce as investors turned to safe-haven assets amid looming US tariffs that could escalate global trade tensions. The White House remained vague on details, but Trump hinted at broad levies, adding to market uncertainty. A weaker US dollar, trading below 104, further supported gold. Soft US jobs data and a poor manufacturing report also fueled bets on a slower economy. MCX June gold futures gained Rs.316 to Rs.91,191 per 10 grams. Traders now focus on the ADP employment report and Friday's nonfarm payrolls for insights into the Fed's rate path.
Published by HT Digital Content Services with permission from Capital Market....