Gold Prices Continue to Soar Amid Trade War Fears
Gold prices hovered near an all-time-high on Tuesday, as fears of a trade war and instability amid U.S. President Donald Trump's tariff plans drove safe-haven flows. Spot gold fell 0.4% to $2,940.03 an ounce by 0916 GMT, after reaching $2,956.15 on Monday — its eleventh record high this year. The ongoing uncertainty surrounding the Trump administration's trade strategy has sent investors flocking to safe-haven assets like gold.
- This upward trend highlights the significant impact of global economic uncertainty on precious metal prices, underscoring the need for policymakers to adopt more nuanced strategies in managing international relations.
- What role will central banks play in navigating this volatile landscape, and how might their responses influence the trajectory of gold prices in the months ahead?