Gold prices experienced an increase, reaching a peak not seen in over a week. This upward movement is attributed to investors seeking safe-haven assets amidst renewed trade tensions spurred by President Trump’s tariff announcements. Investors are also keenly observing upcoming Federal Reserve policy decisions and speeches from Fed officials.
- Gold rose above $3,350 per ounce.
- This was gold’s highest level in more than a week.
- President Trump’s new tariff threat spurred demand for safe-haven assets.
- Trump suggested a 100% tariff on movies produced outside the U.S.
- Trump plans to unveil pharmaceutical tariffs over the next two weeks.
- Investors await the Federal Reserve’s policy decision.
- The U.S. central bank is expected to keep interest rates unchanged.
- President Trump is urging Fed Chair Jerome Powell to lower rates.
The increase in the asset’s value reflects investor uncertainty regarding the economic outlook. The anticipation of further trade restrictions and the potential for government intervention in monetary policy are driving investors toward perceived safe havens. This suggests a continued sensitivity to geopolitical events and central bank actions.