Reported about 19 hours ago
Gold prices maintained a two-day upward trend, trading above $3,330 an ounce, as traders reacted to tariff threats from President Trump and the uncertainty surrounding U.S. monetary policy. The recent proposal of tariffs, particularly against Canada and Brazil, has heightened gold's appeal as a safe haven asset. Additionally, discussions regarding potential interest rate cuts, with some Fed officials suggesting two reductions, have further influenced market dynamics, propelling gold demand in light of ongoing trade tensions and geopolitical uncertainties.
Source: YAHOO