{"id":130846,"date":"2025-04-21T20:34:08","date_gmt":"2025-04-21T20:34:08","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty"},"modified":"2025-05-08T21:18:27","modified_gmt":"2025-05-08T21:18:27","slug":"gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty","title":{"rendered":"Gold price exceeds $3,400 to reach new record high amid tariff uncertainty"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>The price of gold hit a new record on Monday, with an ounce reaching $3,405.19 as the uncertainty around the global trade causes the “safe haven” asset to soar.<\/p>\n

After hitting an all-time high, the price of gold currently stands at around $3,404.40 as of 1200GMT.<\/p>\n

The ounce of gold rose more than 2.3% on Monday to set a new record after investors’ worries increased over further escalation of the trade conflict between the world’s two biggest economies.<\/p>\n

The central banks’ inclination to cut interest rates also fueled the climb in gold, as the European Central Bank cut the rates by 25 basis points last week.<\/p>\n

The surge in gold price intensified after US President Donald Trump announced his “reciprocal” tariffs on more than 180 countries on April 2.<\/p>\n

China was the first country to react to the US tariff increases and responded at the same rate. As a result of the tariff showdown between the two countries, the US raised its tariffs on China to 145% and China raised its tariffs on the US to 125%.<\/p>\n

While the Washington administration postponed the sweeping tariffs imposed on other countries for 90 days, tariffs against China came into force.<\/p>\n

The US government also banned Nvidia’s H20 chips’ exports to China and the White House announced April 15 that China now faces up to 245% tariffs due to its retaliatory actions.<\/p>\n

Meanwhile, China said Monday that it firmly opposes any deal between the US and its trading partners at the expense of Chinese interests amid a barrage of tariffs.<\/p>\n

If such a situation arises, China will not accept it and will resolutely take corresponding countermeasures, a spokesperson for the Commerce Ministry said in a statement.<\/p>\n

The remarks came in response to reports that the US is preparing to pressure other countries to limit trade ties with China in exchange for tariff exemptions, Xinhua News reported.<\/p>\n

For More News And Analysis About Tanzania<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. The price of gold hit a new record on Monday, with an ounce reaching $3,405.19 as the uncertainty around the global trade causes the “safe haven” asset to soar. After hitting an all-time high, the price of gold currently stands at around $3,404.40 as of 1200GMT. The ounce of gold rose more […]<\/p>\n","protected":false},"author":84,"featured_media":130845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[387,13971,9057,14001,1060,14170,711,13724,1723],"class_list":["post-130846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-china","tag-gold-ounce","tag-gold-price","tag-gold-record","tag-interest-rates","tag-record-high-2","tag-tanzania","tag-tariffs","tag-usa"],"yoast_head":"\nGold price exceeds $3,400 to reach new record high amid tariff uncertainty - Tanzania<\/title>\n<meta name=\"description\" content=\"The price of gold hit a new record on Monday, with an ounce reaching $3,405.19 as the uncertainty around the global trad ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold price exceeds $3,400 to reach new record high amid tariff uncertainty\" \/>\n<meta property=\"og:description\" content=\"The price of gold hit a new record on Monday, with an ounce reaching $3,405.19 as the uncertainty around the global trad ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-21T20:34:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-08T21:18:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/04\/sm_1745253172.999766.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold price exceeds $3,400 to reach new record high amid tariff uncertainty\",\"datePublished\":\"2025-04-21T20:34:08+00:00\",\"dateModified\":\"2025-05-08T21:18:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\"},\"wordCount\":327,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/04\/sm_1745253172.999766.jpg\",\"keywords\":[\"China\",\"Gold Ounce\",\"gold price\",\"gold record\",\"interest rates\",\"record-high\",\"tanzania\",\"tariffs\",\"USA\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-price-exceeds-3400-to-reach-new-record-high-amid-tariff-uncertainty\",\"name\":\"Gold price exceeds $3,400 to reach new record high amid tariff uncertainty - 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