19/03/2025 Daily Reports
Gold Surges to All-Time High
- Spot gold reached a historic peak of $3,038.90 per ounce before stabilizing around $3,035.12.
- U.S. gold futures edged up 0.1% to $3,042.20.
Geopolitical & Economic Uncertainty Fueling Demand
- Middle East tensions and U.S. trade policy concerns are pushing investors toward safe-haven assets.
- President Trump’s tariffs, including a 25% levy on steel and aluminum, are heightening fears of inflation and recession risks.
Fed Decision Looms Large
- The Federal Reserve is widely expected to hold rates at 4.25%-4.50%, but investors await Powell’s comments at 18:30 GMT for future policy direction.
- A dovish Fed stance in response to economic uncertainty could fuel further gold gains, possibly pushing it past $3,050.
Precious Metals Market Update
- Silver dipped 0.2% to $33.97 per ounce.
- Platinum fell 0.4% to $992.85 per ounce.
- Palladium eased 0.1% to $966.24 per ounce.
Middle East Conflict Adding More Uncertainty
- Israeli airstrikes on Gaza have escalated, with over 400 casualties, breaking a nearly two-month ceasefire.
- Rising geopolitical tensions increase demand for gold as a hedge against global instability.
What’s Next?
Gold remains the go-to asset for uncertainty hedging. If the Fed signals rate cuts in the coming months, another rally beyond $3,050 could be on the horizon, possibly setting up a new long-term bull market.
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Layoffs Accelerate on Wall Street: Morgan Stanley to Cut 2,000 Jobs
- Morgan Stanley plans to lay off about 2,000 employees this month to improve operational efficiency, a source told Reuters. The cuts, affecting 2% to 3% of its workforce but excluding financial advisers, are not tied to market conditions.
- Wall Street banks have been reducing staff amid economic uncertainty, especially after President Trump’s new tariffs. Goldman Sachs is accelerating its performance review process and plans to cut 3% to 5% of its staff, while Bank of America recently eliminated 150 junior banker roles.
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Markets Dip Ahead of Fed Meeting as Tariff Uncertainty Weighs
– U.S. stock futures fell on Tuesday as investors grew cautious ahead of the Federal Reserve’s two-day policy meeting. While the Fed is widely expected to keep interest rates unchanged, markets are focused on any signals regarding the economic impact of rising trade tensions.
– President Trump’s tariff measures have triggered a wave of retaliatory actions from key trading partners, raising concerns about growth and inflation. Several Fed officials have emphasized the need for more data before adjusting policy, reflecting the uncertainty created by ongoing trade frictions.
– The S&P 500 has now fallen over 10% from its February peak, confirming a correction, while the Nasdaq is also in correction territory and the Dow hovers just above it. Despite brief rebounds in recent sessions, sentiment remains fragile.
– Gold extended its rally, hitting a new record above $3,000 per ounce, as investors seek safe havens. Tesla shares dropped after warnings about market share losses abroad, and attention is also on Nvidia’s upcoming AI chip announcement. Meanwhile, economic data on housing and industrial production will help shape expectations going into the Fed’s decision.
