Various-Gold Prices/Rise

Gold prices hit record high amid US tariff policy uncertainty

  • English

Shotlist


FILE: Tokyo, Japan - July 12-14, 2024 (CCTV - No access Chinese mainland)
1. Various of bullion; bullion with "999.9, fine gold, 250,000g" engraved on it

FILE: Zhaoyuan County, Yantai City, Shandong Province, east China - Sept 2022 (CCTV - No access Chinese mainland)
2. Various of gold bars in save box

FILE: Istanbul, Türkiye - April 5, 2024 (CCTV - No access Chinese mainland)
3. Various of gold bars, gold coins

FILE: Seoul, South Korea - April 1, 2024 (CCTV - No access Chinese mainland)4. Various of gold jeweleries for sale

FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
5. Visitors outside White House
6. Fountain in front of White House
7. White House

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
8. National flag of United States

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of U.S. dollar banknotes going through cash counting machine

FILE: USA - Date and Location Unknown (CCTV - No access Chinese mainland)
10. Various of U.S. dollar banknotes being printed

FILE: New York City, New York, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of traffic, pedestrians, buildings

Storyline


Recent uncertainty surrounding U.S. tariff policies has driven safe-haven funds into the gold market, leading to a significant rise in international gold prices, with both gold futures and spot prices reaching new historical highs on Thursday.

On the day, investors, concerned that U.S. President Donald Trump's tariff plans could spark inflation and a global trade war, turned to gold as a safe haven.

The U.S. dollar index dropped the same day, further fueling the rise in gold prices.

April gold futures on the New York Mercantile Exchange surpassed the 2,970-dollar-per-ounce mark, setting a new record, before retreating slightly to close at 2,956.1 U.S. dollars per ounce, still a record high.

Since the beginning of the year, gold futures have surged by approximately 12 percent.

Spot gold also saw significant gains on Thursday, briefly crossing the 2,950-dollar-per-ounce mark, marking the 10th time this year that the price set a new historical record.

The continuous rise in gold prices has also benefited mining companies.

On Thursday, the world's largest gold producer, Newmont Corporation, announced its fourth-quarter earnings for last year.

The company reported an adjusted earnings per share of 1.40 U.S. dollars for the quarter ending December 31, far exceeding the market's expectation of 0.95 U.S. dollars.

Over the past four quarters, Newmont's earnings per share exceeded market expectations three times.

In the fourth quarter, Newmont's gold production rose by 9.2 percent year-on-year to 1.9 million ounces, while the gold sales price increased by 31.9 percent.

Additionally, since the beginning of this year, Newmont's stock price has risen by approximately 27.4 percent.

DOWNLOAD
  • ID : 8416984
  • Dateline : Feb 20, 2025/File
  • Location : Various
  • Category : Markets
  • Duration : 1'11
  • Audio Language : Nats/Part Mute
  • Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2025-02-21 15:02
  • Last Modified : 2025-02-21 15:05:37
  • Version : 2

Various-Gold Prices/Rise

Gold prices hit record high amid US tariff policy uncertainty

Dateline : Feb 20, 2025/File

Location : Various

Duration : 1'11

  • English


FILE: Tokyo, Japan - July 12-14, 2024 (CCTV - No access Chinese mainland)
1. Various of bullion; bullion with "999.9, fine gold, 250,000g" engraved on it

FILE: Zhaoyuan County, Yantai City, Shandong Province, east China - Sept 2022 (CCTV - No access Chinese mainland)
2. Various of gold bars in save box

FILE: Istanbul, Türkiye - April 5, 2024 (CCTV - No access Chinese mainland)
3. Various of gold bars, gold coins

FILE: Seoul, South Korea - April 1, 2024 (CCTV - No access Chinese mainland)4. Various of gold jeweleries for sale

FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
5. Visitors outside White House
6. Fountain in front of White House
7. White House

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
8. National flag of United States

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of U.S. dollar banknotes going through cash counting machine

FILE: USA - Date and Location Unknown (CCTV - No access Chinese mainland)
10. Various of U.S. dollar banknotes being printed

FILE: New York City, New York, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of traffic, pedestrians, buildings


Recent uncertainty surrounding U.S. tariff policies has driven safe-haven funds into the gold market, leading to a significant rise in international gold prices, with both gold futures and spot prices reaching new historical highs on Thursday.

On the day, investors, concerned that U.S. President Donald Trump's tariff plans could spark inflation and a global trade war, turned to gold as a safe haven.

The U.S. dollar index dropped the same day, further fueling the rise in gold prices.

April gold futures on the New York Mercantile Exchange surpassed the 2,970-dollar-per-ounce mark, setting a new record, before retreating slightly to close at 2,956.1 U.S. dollars per ounce, still a record high.

Since the beginning of the year, gold futures have surged by approximately 12 percent.

Spot gold also saw significant gains on Thursday, briefly crossing the 2,950-dollar-per-ounce mark, marking the 10th time this year that the price set a new historical record.

The continuous rise in gold prices has also benefited mining companies.

On Thursday, the world's largest gold producer, Newmont Corporation, announced its fourth-quarter earnings for last year.

The company reported an adjusted earnings per share of 1.40 U.S. dollars for the quarter ending December 31, far exceeding the market's expectation of 0.95 U.S. dollars.

Over the past four quarters, Newmont's earnings per share exceeded market expectations three times.

In the fourth quarter, Newmont's gold production rose by 9.2 percent year-on-year to 1.9 million ounces, while the gold sales price increased by 31.9 percent.

Additionally, since the beginning of this year, Newmont's stock price has risen by approximately 27.4 percent.

ID : 8416984

Published : 2025-02-21 15:02

Last Modified : 2025-02-21 15:05:37

Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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