Gold prices recovered as investors sought safety amid global trade uncertainties and ahead of a significant US inflation report. Uncertainty generated by US tariffs continues to support gold. President Trump reiterated a protectionist approach, threatening 30% tariffs on imports from the EU and Mexico. While he expressed a willingness for negotiations, potential broader trade disruptions could keep investors cautious. Market attention is on the US Consumer Price Index, with potential implications for future interest rate adjustments that could influence gold prices. Elevated geopolitical tensions could further bolster demand for safe-haven assets like gold.
Gold prices increased as investors sought refuge amidst global trade uncertainties and ahead of the critical US inflation report, demonstrating market sensitivity to economic conditions.
US President Donald Trump's threat of 30% tariffs on imports from the EU and Mexico raised concerns about trade disruptions, affecting market sentiments and gold pricing.
The market is bracing for a potentially high US Consumer Price Index release, which could influence interest rate decisions and subsequently gold demand.
Geopolitical tensions, especially regarding military aid to Ukraine and Middle Eastern conflicts, are likely to continue driving demand for safe-haven assets like gold.
Collection
[
|
...
]