Gold prices continued to rise, reaching their highest levels since October, driven by a weakening US dollar and increased demand among investors seeking safe-haven assets. This instability is linked to recent trade tensions and potential tariffs proposed by President Trump, particularly against the European Union and China. Additionally, concerns about inflation arising from Trump's economic policies are influencing perceptions around the Federal Reserve's interest rate strategy. Central banks' sustained demand for gold also supports its market position despite diminished appeal following geopolitical tensions resolving.
Gold's value surged today, led by a weaker US dollar and increased demand for safe-haven assets amid trade tension risks.
Market attention is on inflation concerns, as Trump's policies are viewed as inflationary, moving the Fed to maintain higher interest rates.
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