Trump's tariff proposal sparks demand for safe havens, causing gold prices to rebound.

On Wednesday,What does foreign exchange flow dealer do? What are the foreign exchange traffic merchants? What is the relationship between foreign exchange traffic merchants and platforms? What is the relationship between foreign exchange traffic merchants and banks? Foreign exchange distributors What is a foreign exchange distributor? Is it true that foreign exchange loopholes can be arbitraged 3 to 5 times? Details of the foreign exchange loophole arbitrage scam Foreign exchange forum Foreign exchange trading Foreign exchange trading income Which platform is used for foreign exchange trading? Foreign exchange trading automatic trading software Free foreign exchange trading platform Foreign exchange simulation app Foreign exchange simulation account Which foreign exchange dealer is good? Which foreign exchange platform is good? Which foreign exchange platform is easy to use? Which foreign exchange platform is the most reliable? Top ten foreign exchange trading platforms Foreign exchange rankings Foreign exchange rates Foreign exchange rates Foreign exchange rates today What are the signs of foreign exchange running away? Foreign exchange training Foreign exchange training scam Foreign exchange scam has been making normal profits for 5 years Foreign exchange scam routine process Why does the foreign exchange scam return money every month? Foreign exchange scam has not collapsed for five years How long does it usually take for a foreign exchange scam to collapse? Foreign exchange bills Foreign exchange platform Foreign exchange platform 5 0 top the price of spot gold rose slightly, rebounding to $2925.05 per ounce after recovering from a one-week low reached the previous trading day. President Trump's recent tariff proposals have sparked market uncertainty about global trade, dampening risk appetite and boosting demand for gold as a safe haven asset.

As of 9:24 AM Beijing time, the spot gold price increased by 0.3%. The main driver behind this rebound in gold prices is Trump's renewed pressure on trade measures on Tuesday, ordering a "232 investigation" into copper imports and planning to impose new tariffs to revitalize the U.S. copper industry, especially in key sectors like electric vehicles, military equipment, and power grids. This move intensified concerns about global trade tensions, further driving the increase in gold prices.

Moreover, the uncertainty brought by tariff policies has started to impact U.S. economic data. Reports show that U.S. consumer confidence plummeted in February at the fastest pace in three and a half years, while the 12-month inflation expectations have notably risen. Fed official Tom Barkin stated that making significant monetary policy adjustments is becoming more challenging amid the current uncertain economic environment. Inflation pressures might compel the Fed to maintain high interest rates, reducing the appeal of gold as a non-yielding asset.

The market tensions caused by Trump's tariff policies have boosted demand for gold as a safe-haven asset, with gold prices hitting a record high of $2956.15 on Monday. This surge in gold prices reflects investor concerns over escalating trade wars and the global economic outlook.

Additionally, data released by the Hong Kong SAR government shows that total gold exports to mainland China in January were 13.816 tons, significantly lower than the previous month's 25.007 tons, indicating fluctuations in market demand for gold.

Against this backdrop, the gold market will continue to be influenced by U.S. trade policies and global economic uncertainties. Investors need to pay attention to economic data and Fed policy directions in the coming months.

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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