Gold has maintained stability across the $2,915 per ounce mark amid blended market alerts. President Trump’s contradictory statements about tariffs on Canadian metal and aluminum—first saying a doubling to 50%, then rapidly dialing again—have created market uncertainty that usually advantages gold as a safe-haven asset. This comes as Trump downplays recession fears regardless of regarding financial indicators.
Current tepid US financial stories have sparked stagflation considerations—a difficult financial surroundings combining inflation strain with slowing development. This situation might immediate a number of Federal Reserve rate of interest cuts this yr, which might usually profit non-interest bearing belongings like gold. Merchants are intently watching Wednesday’s US shopper worth information, as greater inflation might complicate the Fed’s rate-cutting plans. Moreover, a possible 30-day truce between Ukraine and Russia, brokered by the US in change for lifting its freeze on army help to Kyiv, may ease some geopolitical tensions which were supporting gold costs. Regardless of these elements, gold closed Tuesday up practically 1%, whereas silver, platinum, and palladium additionally rose.
