Gold Prices Edge Higher Amid Tariff and Geopolitical Uncertainty

Gold prices remained firm on Monday, hovering just below record highs, as uncertainty over U.S. trade policies and interest rates kept safe-haven demand intact.

Key Price Movements (as of 00:35 ET / 05:35 GMT):

• Spot gold ↑ 0.6% to $2,901.21 per ounce
• Gold futures (April) ↑ 0.3% to $2,910.70 per ounce

Market Drivers: Safe Haven Demand vs. Tariff Delays

1. Tariff Uncertainty & Gold’s Rally
   • Gold hit multiple record highs over the past two weeks as President Trump’s tariff actions fueled risk aversion.
   • However, Trump’s delay of certain tariffs has led to profit-taking, pulling gold from its peaks.
2. Geopolitical Factors: Russia-Ukraine Peace Talks
   • Speculation over a Russia-Ukraine peace treaty has slightly dented safe-haven demand.
   • Trump signaled that both nations are open to peace talks, which are expected to begin in the coming weeks.

Outlook: Gold’s Near-Term Trend

• Lingering trade uncertainty and Fed rate expectations will continue to support gold’s bullish bias.
• Any escalation in geopolitical risks could drive fresh demand for safe-haven assets, potentially pushing gold back toward its record highs.
• Investors will watch U.S. economic data and Federal Reserve signals for further direction.