Gold Prices Rebound as Trump Tariff Deadline Approaches.
Gold rebounded after its worst week of the year as investors weighed the potential impact of Trump tariffs, with gold futures gaining more than 1.5% on Monday to hover below $2,900. The precious metal's recent move higher comes as President Donald Trump's latest tariff deadline approaches at the end of Monday, with potential new duties starting Tuesday morning on America's top three trading partners. Strategists attribute much of the rally to continued central bank buying and uncertainty over US tariffs.
- This surge in gold prices highlights the market's growing reliance on safe-haven assets as investors increasingly view trade tensions and economic uncertainty as major risk factors.
- How will a potential escalation of trade tensions between the US and its trading partners affect the global supply chain, particularly for commodities like gold?