Gold prices have gained 3% YTD above the $2700 mark, reflecting an environment increasingly influenced by heightened political and trade uncertainties.
If enacted, such policies could disrupt current global trade flows and amplify economic volatility, reinforcing gold's role as a safe asset.
The risk for gold seems to be skewed to the upside. Political tensions and trade uncertainties create fertile ground for volatility.
A friendly call between Trump and Chinese President Xi over the weekend temporarily eased risk premiums in Asian markets, but the looming potential for a trade war underscores gold's enduring safe-haven demand.
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