AGE Daily Gold Update

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

4/15/2025: Gold rises as dollar falls

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold gained 0.4% to close near $3,219 as the dollar fell further and investors sought refuge from tariff confusion. Silver added 0.8% to 32.34 an ounce.

With President Trump's tariff plans changing almost daily, sparking massive selloffs in global markets when he declares a new target, followed by tepid recoveries when he changes his mind, demand for safe havens continue to build.

Today, Trump suggested that he might suspend the 25% tariffs on autos and auto parts imposed earlier this month. Wall Street found some solace, rising early in the session only to slide back into losses on the uncertainty about the dependability of this signal.

The dollar fell further against major rivals as Forex traders shifted to more dependable safe-haven currencies like the Swiss franc and yen. The buck has tumbled nearly 4% since the "Liberation Day" decree of tariffs on all US trading partners. A weaker dollar boosts gold and other commodities by making them cheaper in other currencies, lifting demand overseas.

Gold has risen more than 23% this year, driven by safe-haven demand among retail investors, institutional investors, and central banks.

Platinum and palladium added 1.2% and 1.5%, respectively.

At the New York spot close: gold gained $13.90 to $3,218.70; silver added a quarter, to $32.34; platinum picked up $11.60 to $960.20; and palladium rose $14.90 to $978.10 an ounce.