Gold prices are once again supported by geopolitical uncertainty. While prices fell slightly after delays in tariffs, ongoing commercial tensions continue to boost the demand for the shelter, says Thu Lan Nguyen, head of FX Research and Commerzbank commodities.
Tariff risks keep the demand for safe refuge
“The price of gold benefits once again from the geopolitical situation. Something has fallen again after Trump postponed an increase in tariffs against the EU and an American court ruled that most tariffs were illegal.”
“However, it is not clear if the US administration will be impressed by this or if you will find another way to introduce tariffs. Uncertainty in the commercial conflict will probably remain high until negotiations are finished, which means that the demand for precious metal, which is considered a safe refuge, should also remain high for the moment.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
