Mumbai, April 3 -- Gold briefly surged to a record $3196.6 per ounce before easing below $3140 as markets reacted to Trump's aggressive tariffs. His 10% baseline levy and steep hikes on China (34%), the EU (20%), and Japan (24%) fueled uncertainty, while a 25% tariff on foreign-made cars added to the tension. Despite the pullback, gold remained supported by central bank buying, ETF demand, and Fed rate cut bets. Investors now await Friday's U.S. non-farm payrolls report for monetary policy cues. Meanwhile, MCX gold defied the international dip, rising Rs.148 to Rs.90876 per 10 grams.
Published by HT Digital Content Services with permission from Capital Market....