AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

3/25/2025: Gold rises as confidence falls

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold gained 0.4% to close near $3,024 on safe-haven inflows as faltering consumer confidence and ongoing tariff worries undercut Treasury yields and the dollar, boosting alternative assets. Silver surged 2.2% to finish at $34 an ounce.

Consumer confidence has plummeted in response to disruptive trade policies and renewed concerns about inflation. The Conference Board's survey sank to the lowest level in four years this month, with expectations for the future dropping to a 12-year low.

Worries about stagflation have grown in recent weeks as economists project reduced economic growth, higher unemployment, and rising inflation because of the increasing likelihood of damaging trade wars.

The Fed reinforced this concern in the policy statement after its recent meeting, uniformly forecasting higher unemployment and higher inflation due to tariffs.

Benchmark 10-year Treasury yields receded as investors returned to the perceived safety of government debt. Falling yields lift gold by reducing the opportunity cost for holding it instead of bonds for safety.

Tracking lower with yields, the dollar slid 0.1% against major rivals, supporting gold and other commodities by making them cheaper in other currencies.

Platinum and palladium rose 1.5% and 0.6%, respectively.

At the New York spot close: gold rose $10.60 to $3,023.70; silver surged 74 cents to $34; platinum picked up $14.60 to $987.50; and palladium rose $.10 to $953.80 an ounce.