The article discusses gold's current volatility and its position near an 11-week high amidst concerns over Donald Trump's potential trade and fiscal policies in a future second term. Proposed trade tariffs on Mexico and Canada could escalate international trade tensions, enhancing gold's attractiveness as a safe investment. However, Trump's policies may also raise inflation worries, creating contradictions for gold's value, especially if the Federal Reserve adopts a tighter monetary stance. Recent geopolitical developments and ongoing central bank purchases underscore gold's long-term resilience despite momentary fluctuations in demand.
The precious metal was volatile but remained near an 11-week peak as market participants evaluate the implications of Donald Trump's potential second-term policies.
This protectionist stance could potentially spark international trade tensions, bolstering gold's appeal as a protective investment vehicle.
Gold could come under pressure if the Federal Reserve turns more hawkish.
Sustained central bank purchasing activity and persistent economic uncertainties continue to underpin the metal's long-term prospects.
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