Gold Prices Surge Amid Tariff Fears; Oil Markets React to Middle East Tensions

Gold Prices Surge Amid Tariff Fears; Oil Markets React to Middle East Tensions

As of July 4, 2025, the commodity markets are experiencing significant volatility, with gold prices reaching new heights and oil markets responding to geopolitical developments.

Gold Prices Climb on Tariff Concerns

Gold has emerged as a preferred safe-haven asset amid escalating trade tensions. Recent reports indicate that gold prices may rally to $3,400 per ounce due to fears surrounding impending tariffs. However, extensions to tariff deadlines could cap this upside potential. Commodity Market News

In the Indian market, gold prices have seen a modest increase. On July 4, 2025, the price of 24-carat gold climbed by ₹10, reaching ₹99,340 per 10 grams. Similarly, 22-carat gold rose to ₹91,060 per 10 grams. Commodity Market News

Oil Markets React to Middle East Tensions

Oil prices have been influenced by geopolitical developments in the Middle East. On July 2, 2025, Brent crude added 92 cents, or 1.4%, to $68.03 a barrel, while U.S. West Texas Intermediate crude rose 89 cents, or 1.4%, to $66.34 a barrel. This increase followed Iran’s suspension of cooperation with the UN nuclear watchdog, raising concerns about potential disruptions in oil supply. Commodity Market News

Market Outlook

The commodity markets remain sensitive to geopolitical events and trade policies. Investors are advised to stay informed and consider these factors when making investment decisions. The interplay between trade negotiations, geopolitical tensions, and economic indicators will continue to shape commodity prices in the near future.

For more detailed and up-to-date information, please refer to reputable financial news sources and market analyses.