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Gold prices saw a slight increase on Monday, supported by persistent haven demand as uncertainty over upcoming U.S. trade tariffs<\/strong> and political developments in Japan<\/strong> added pressure to markets. The results of Japan\u2019s upper house elections<\/strong> held over the weekend showed the ruling Liberal Democratic Party (LDP)<\/strong> losing its majority, casting doubt over the future direction of the country\u2019s government. This resulted in some demand for safe-haven assets, such as the yen<\/strong>, which firmed after the election results.<\/p>\n\n\n\n Meanwhile, a mild pullback in the U.S. dollar<\/strong>, following a two-week ascent, also provided some support to metal markets, although gold remained confined within a $200 trading range<\/strong> since at least April<\/strong>. Despite the modest gain, gold continued to face challenges breaking out of its recent trading range.<\/p>\n\n\n\n Spot gold<\/strong> rose 0.4% to $3,364.21<\/strong> per ounce, while gold futures<\/strong> for September rose 0.4% to $3,371.42\/oz<\/strong> by 01:20 ET (05:20 GMT).<\/p>\n\n\n\n The price rise was influenced by growing uncertainty over the U.S. trade policy, as the European Union<\/strong> prepared retaliatory measures in response to President Donald Trump\u2019s<\/strong> threatened trade tariffs<\/strong>. According to a report from The Wall Street Journal<\/strong> on Sunday, U.S. officials are demanding more concessions from the EU for a potential trade deal, including a baseline tariff rate of 15%<\/strong>. This news caught EU negotiators off guard, further escalating the uncertainty surrounding U.S. tariffs<\/strong> as the August 1 deadline<\/strong> for tariffs to take effect draws closer. Commerce Secretary Howard Lutnick<\/strong> confirmed that August 1 would be a firm deadline, with tariffs ranging from 20% to 50%<\/strong> on major economies.<\/p>\n\n\n\n Haven demand was further bolstered by Japan\u2019s political outlook<\/strong>, as the LDP\u2019s loss of majority control in the upper house complicates ongoing trade negotiations with the U.S. and raises doubts over Japan\u2019s future economic policies. The loss of majority complicates Prime Minister Shigeru Ishiba\u2019s<\/strong> ability to pass key reforms, leading to increased uncertainty that boosted demand for safe-haven assets.<\/p>\n\n\n\n While gold showed some mild gains, platinum<\/strong> and silver<\/strong> continued to outperform, driven by expectations of tightening supplies and improving demand. Spot platinum<\/strong> rose 1%<\/strong> to $1,439.59\/oz<\/strong>, while silver<\/strong> saw a slight increase of 0.3%<\/strong>, reaching $38.3045\/oz<\/strong>. Both precious metals have outpaced gold in recent months, with platinum nearing an 11-year peak<\/strong> and silver nearing a 14-year high<\/strong>. They have surged 29.2%<\/strong> and 53.5%<\/strong> respectively in 2025<\/strong>, compared to gold\u2019s year-to-date gains of 28.4%<\/strong>.<\/p>\n\n\n\n Among industrial metals, copper<\/strong> also saw some positive movement. Benchmark copper futures<\/strong> on the London Metal Exchange<\/strong> rose 0.6%<\/strong> to $9,846.45<\/strong> a ton, while COMEX copper futures<\/strong> rose 0.2%<\/strong> to $5.6170<\/strong> a pound. These price increases came amid signs of stronger global demand, particularly from China<\/strong>, the world\u2019s largest copper importer.<\/p>\n\n\n\n The outlook for gold and other precious metals remains largely tied to global trade and economic uncertainty. As U.S. tariffs<\/strong> and potential retaliatory measures from major trade partners loom, investors are likely to continue seeking safe-haven assets. However, the mixed performance of platinum<\/strong> and silver<\/strong> suggests that there are opportunities outside of gold in the precious metals market, especially as tighter supply and stronger demand expectations continue to support prices.<\/p>\n\n\n\n As geopolitical tensions, U.S. trade policies, and inflationary pressures continue to evolve, markets will likely remain volatile, keeping gold and other safe-haven assets in focus for the foreseeable future.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices saw a slight increase on Monday, supported by persistent haven demand as uncertainty over upcoming U.S. trade tariffs and political developments in Japan added pressure to markets. The results of Japan\u2019s upper house elections held over the weekend showed the ruling Liberal Democratic Party (LDP) losing its majority, casting doubt over the future …<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[],"class_list":["post-116788","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116788"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116788\/revisions"}],"predecessor-version":[{"id":116789,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116788\/revisions\/116789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Gold’s Response to U.S. Tariff and Trade Policy Concerns<\/strong><\/h3>\n\n\n\n
Haven Demand Boosted by Political Uncertainty in Japan<\/strong><\/h3>\n\n\n\n
Platinum and Silver Outperform Gold<\/strong><\/h3>\n\n\n\n
Industrial Metals See Mild Gains<\/strong><\/h3>\n\n\n\n
Outlook<\/strong><\/h3>\n\n\n\n