Investors are concerned that Trump’s tariffs would hinder US economic growth and push the Federal Reserve to slash interest rates multiple times before the end of the year.
Tariff War is back
U.S. President Donald Trump imposed new 25% tariffs on imports from Mexico and Canada on Tuesday, as well as a doubling of duties on Chinese goods to 20%, igniting trade wars that could stifle economic growth and raise prices for Americans still reeling from years of high inflation.
Investors flock to safety amid tariff uncertainty
Markets remain risk-averse as a global tariff war appears certain. US President Donald Trump reaffirmed 25% tariffs on Canada and Mexico, which will go into force on Tuesday, and has already signed an order to hike China tariffs to 20%.
Gold supported on Ukraine deal uncertainty
Friday’s dispute between Ukraine President Volodymyr Zelenskiy and US President Donald Trump and Europe’s growing disagreements with the US over its Russia policy will support safe-haven gold, as investors keep an eye on European efforts to develop a Ukrainian peace plan.
Gold hits two-week low on firm dollar
After recording eight consecutive weekly climbs, gold is currently down 2.5% for the week. But for February, prices have increased by 2.2%.
Gold retreats on dollar strength
Gold prices have retreated from highs on Dollar strength. The Dollar Index has recovered as Trump suggested a 25% reciprocal duty on European vehicles and other goods on Wednesday, raising expectations for another month-long postponement on heavy new duties on imports from Canada and Mexico that could go into effect on April 2.
Gold continues winning streak as trade war fears rekindle
Gold consolidates around record-high prices amid safe-haven flows fueled by worries about US President Donald Trump’s tariff proposals.
Trump tariff concerns fuel gold rally
Due to concerns about a global trade war and Trump’s tariffs, the price of gold continues to be optimistic. The dollar index is impacted by falling US bond yields, which also give precious metals more support.
Forecast for Gold prices in the next six months?
Where are gold prices headed in the next six months? 📈 Dr. Renisha Chainani analyzes key market drivers, global economic trends, and potential price movements to help investors stay ahead. Watch now for expert insights and informed predictions!
Would Gold start a new trend when it touches $3000?
Will gold start a new trend if it hits $3000? 📈 Dr. Renisha Chainani analyzes market dynamics and what could happen next. Watch now for expert insights!