Reported about 16 hours ago
Gold prices rebounded after experiencing their largest single-day drop of the year, as traders analyzed the potential impact of President Trump's trade war on interest rates. Federal Reserve officials indicated that aggressive tariff policies could prompt layoffs, which may lead to rate cuts to protect the job market. Gold's bullish outlook is supported by expectations of monetary easing and uncertainty surrounding US debt funding due to tariffs. In recent trading, gold rose by 1.1% to $3,323.50 per ounce.
Source: YAHOO