Gold gained 0.2%, recovering to $2,640 per ounce after two days of decline, facing pressure from a strong US dollar due to Trump's protectionist policies.
Experts are concerned that Trump's potential tariffs, targeting multiple countries, may disrupt global trade and raise prices for US consumers, affecting inflation.
The yield on the 10-year Treasury bonds remains high at 4.62%, suggesting the Federal Reserve's caution on interest rate cuts, which keeps gold under pressure.
Trump's advisors question the effectiveness of maximum pressure strategies against Iran, highlighting geopolitical uncertainties as his policies evolve with international dynamics.
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