Gold prices remain high as Trump's tariff delay increases uncertainty.

Recently,WeChat Forex exchange group the price of gold has remained stable near historic highs, continuing to draw investor attention. On Monday, the gold price briefly hit a record high of $2,830 per ounce before narrowing its gains, closing up 0.6%. The rise in gold prices was mainly influenced by U.S. President Donald Trump's sudden tariff threat and the subsequent decision to delay its implementation.

Trump announced a one-month delay on the 25% tariffs on Canada and Mexico, creating new market uncertainties and causing the Bloomberg Dollar Index to retreat from its highest level in over two years. This reversal made gold relatively cheaper for global buyers, further enhancing its appeal as a safe haven asset.

The increase in gold prices reflects market unease about future developments. The biggest question now is how the U.S. economy will cope with the impact of potential trade war escalations. Particularly if tariffs exacerbate inflation, it could affect the Federal Reserve's monetary policy. Recently, the Fed has paused its rate cuts, and the market has taken a cautious wait-and-see approach to new government policies, further increasing investor uncertainty.

In such a market environment, gold's allure as a means of value preservation is increasingly prominent. As global trade conditions remain complex and volatile, the demand for gold may stay strong, attracting more investors seeking asset safety.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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