Gold prices touched a new all-time high in early Monday trading as the markets reopened with the same spirit they had closed on Friday—marked by a momentous shift towards safe-haven assets. Investors are increasingly concerned about the potential impact of Donald Trump’s tariffs, fearing that such policies will lead to low growth, higher inflation, reduced international trade, and a less predictable global order. As a result, risk-related assets, such as stocks, have been suffering as investors close positions and seek refuge in safe-haven instruments like gold. At the same time, the US dollar remains under pressure, as fears of a US economic slowdown fuel expectations that the Federal Reserve will soon start cutting rates again. This dynamic offers additional support to the bullion price due to the inverse correlation between the two assets. Against this backdrop, the short-term outlook remains positive for the precious metal.
Ricardo Evangelista – Senior Analyst, ActivTrades
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Source: ActivTrader
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