"Last trading at $3,525.86, the metal could test $4,000, with investors hunting for safe havens with economic uncertainties. For one, gold is pushing higher after a U.S. appeals court ruled that President Trump's global tariffs are illegal. However, the court is allowing current tariffs to remain in place through October 14, with the court giving Trump time to file an appeal with the U.S. Supreme Court."
"Two, gold is rallying on a potential interest rate cut at the Federal Reserve's September meeting. We also have to consider that gold ETF inflows soared to 170 tonnes in the second quarter of 2025. That, combined with first-quarter inflows, resulted in the strongest first half for gold inflow since the pandemic-fueled inflows of 2020. In addition, geopolitical and economic uncertainties, growing central bank demand, and a weaker U.S. dollar should fuel even more upside."
Gold traded at $3,525.86 and reached a new record above $3,500, with potential to test $4,000 as investors seek safe-haven assets amid economic uncertainty. A U.S. appeals court ruled President Trump's global tariffs illegal but allowed current tariffs to remain through October 14 while an appeal may be filed. Expectations of a Federal Reserve interest rate cut in September are supporting gold. Gold ETF inflows surged to 170 tonnes in Q2 2025, producing the strongest first half for inflows since 2020. Geopolitical and economic uncertainty, rising central bank demand, and a weaker U.S. dollar further support upside.
Read at 24/7 Wall St.
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