Gold prices traded marginally lower in early Tuesday electronic trade after surging to an all-time high above $5,107.9 in the previous session, as the market paused following an intense safe-haven rally driven by escalating geopolitical tensions. Silver futures witnessed a sharper pullback, sliding nearly 4% after scaling fresh lifetime highs of $117.7 per ounce, reflecting profit-taking after a rapid advance fueled by trade uncertainties, investor flight from sovereign bonds and currencies, and heightened demand for defensive assets. Sentiment was further influenced by renewed trade frictions after US President Donald Trump threatened higher tariffs on autos, lumber, and pharmaceutical imports from South Korea, while lifting duties on other goods to 25% amid stalled negotiations. Investor focus has now shifted to the US Federal Reserve's two-day policy meeting beginning today, where interest rates are expected to remain unchanged but Chair Jerome Powell's guidance will be closely scrutinized amid mounting pressure from the White House to ease monetary policy. In domestic markets, MCX March silver futures surged nearly 10% to a record Rs 364,821 per kg, while MCX February gold futures climbed almost 2% to a fresh all-time high of Rs 159,820 per 10 grams.
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