Gold prices retreated from an all-time high as investors shifted focus to securing profits. Despite this, ongoing demand for safe-haven assets is expected to support prices. Volatility surged following President Trump's tariff reaffirmation on Mexico and Canada, casting doubt on easing trade tensions. Additionally, a major inflow of USD 1.95 billion into the SPDR Gold Trust highlights strong investor confidence. In contrast, India's anticipated 85% reduction in gold imports this February poses a risk to pricing stability. The forthcoming US GDP and PCE data will be pivotal in shaping future gold markets amid geopolitical uncertainties.
Gold prices have dipped from an all-time high as investors lock in profits, but ongoing demand for safe-haven assets could maintain prices near record levels.
A notable inflow into the SPDR Gold Trust of USD 1.95 billion signals strong investor interest, despite significant drops in India's gold imports expected this month.
Market volatility has surged due to President Trump's tariff commitments, increasing the likelihood of a bullish sentiment for gold amid ongoing trade tensions.
The upcoming US GDP and PCE numbers are critical; strong data may reinforce a hawkish Fed stance that impacts gold prices negatively, while weak data could support them.
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