Gold prices have shown a consistent upward trend, marking three sessions of gains, primarily due to safe-haven demand as markets react to Trump's proposed policies.
Amid concerns over rising trade tensions and inflation due to Trump's tariffs, market analysts speculate that gold could benefit from the increased uncertainty in the economic landscape.
The FOMC minutes indicate that the Federal Reserve is cautious about rising price pressures and may adopt a more hawkish monetary policy stance, which could impact gold demand.
Central banks, particularly the Chinese central bank, are actively purchasing gold, reflecting a strong demand that supports its status as a strategic asset amid global uncertainties.
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