Huitong Network, April 3 — Over the week from March 31 to April 3, 2026, the global gold market demonstrated strong internal momentum amid a shortened trading week. The gold price not only recovered from late March losses but also formed a four-day rally on the daily chart, sending a strong short-term trend reversal signal to the market.
During the period from March 31 to April 3, 2026, the global gold market showed a strong internal impulse amid the shortened trading week. Despite the reduction in actual trading days due to Good Friday holiday, both spot gold and gold futures on the New York Mercantile Exchange (COMEX) experienced significant gains. Spot gold rose by 4.02% over the week, marking the largest weekly increase since the end of 2025; NYMEX gold futures showed an even more aggressive dynamic — a weekly increase of 4.74%. The main market development logic this week is confirmed by technical divergence and opposition to fundamental factors. Despite temporary pressure from a strong dollar, ongoing geopolitical risks, and rising long-term inflation expectations among major foreign institutions, the appeal of safe-haven assets quickly increased. The gold price not only recovered from late March losses but also, thanks to a four-day rally on the daily level, clearly signaled a short-term trend reversal.

According to the APP "Golden Shape" report, U.S. President Trump signed a statement on Thursday aimed at adjusting national tariffs for security reasons on the import of steel, aluminum, and copper (Section 232 tariffs). This adjustment is intended to lower tariff rates on derivative metals, simplify declaration procedures, and prevent undervaluation of import values.
The statement says that the U.S. will maintain a 50% tariff on imports of such bulk goods as steel, aluminum, and copper, but now this rate will be applied to the price paid by American consumers. The main changes concern derivative products, where a threshold metal content is introduced for more accurate duty assessment.
Details of the new rules
Under the new rules, if the steel, aluminum, or copper content in a derivative product by weight is less than 15%, the U.S. will cancel the previously applicable 50% tariff, effectively exempting such goods from duties. This measure is intended to exempt products with very low metal content, such as perfume bottles with aluminum caps or dental floss boxes with miniature steel blades.
For derivative products with metal content exceeding 15%, a reduced tariff rate of 25% will be applied, but this rate will be calculated based on the total value of the imported product, not just the metal content. Thus, for products like washing machines or gas stoves, where steel is a main component, the duty will be 25% of the total value.
Meanwhile, bulk goods made of steel, aluminum, and copper will retain a high 50% duty, calculated on the entire sale price. According to officials, these measures could generate additional revenue from tariffs and also simplify customs declaration, eliminating opportunities to evade tariffs by undervaluing metal content.

Internal News
By 2030, the volume of new energy storage systems in China will exceed 370 million kW
The 15th Five-Year Development Plan emphasizes the need to vigorously promote advanced technologies, particularly new energy storage systems. It is stated that new storage systems are becoming the core of the new energy system and are included in the list of national key industries. According to the recently published "White Paper on Energy Storage Research 2026," by 2030, the total installed capacity of new energy storage systems in China will exceed 370 million kW, more than one and a half times the level at the end of the 14th Five-Year Plan. (CCTV News)