India, April 3 -- Gold prices fell from record highs on Thursday, but experts see limited downside risks following the announcement of U.S. reciprocal tariffs and amid uncertainty how trading partners retaliate.
Spot gold dipped 0.1 percent to $3,128.74 per ounce in early European trade while U.S. gold futures were down half a percent at $3,150.91.
Fear gripped financial markets as U.S. President Donald Trump finally unveiled sweeping new tariffs after weeks and months of anticipation.
Trump has announced two sets of tariffs. One is a base tariff of 10 percent imposed on all imports to U.S., which go into effect on April 5. Second is the country-specific tariff to be enforced from April 9.
These are calculated based on how much each of ...