AGE Daily Gold Update

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

4/14/2025: Gold slips on risk appetite

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold slipped 0.5% to close under $3,205 after the White House exempted some Chinese imports from its mammoth tariffs, rekindling risk appetite and prompting traders to take profits from bullion’s 7% rise to a new record high last week. Silver added 0.8% to finish at $32.09 an ounce.

President Trump suddenly decided to exempt 20 product types from his 145% tariffs on Chinese products over the weekend. Mostly cell phones and electronics, the items comprise roughly 23% of US imports from China.

Following last week’s 90-day suspension of many of the “reciprocal” tariffs announced just days before, the new exemptions were welcomed by Wall Street, but nonetheless added to the uncertainty and apparent caprice surrounding US trade policies.

All three major US equity indexes rose as investors sought bargains after the recent tariff-induced selloffs. The Dow and S&P 500 picked up 0.9% while the Nasdaq added 0.7%.

Benchmark 10-year Treasury yields slipped under 4.4% after spiking higher last week on panicked selling of US government debt, again driven by uncertain over US financial policies. The dollar also retreated, losing 0.4% against major rivals.

Fed Governor Christopher Waller said today that the Fed may need to cut interest sooner and by more than planned if Trump’s tariffs cause the economy to stall.

Platinum and palladium rose 1.5% and 4.5%, respectively.

At the New York spot close: gold slid $117.40 to $3,204.80; silver rose 27 cents to $32.09; platinum picked up $14.30 to $948.60’ and palladium jumped $41.35 to $963.20 an ounce.