Market Overview
Gold (XAU/USD) continues its upward trajectory, trading near its all-time high of $2,865 as investors flock to safe-haven assets. The metal’s rally is largely fueled by concerns over a potential US-China trade war, with President Donald Trump’s latest 10% tariffs on Chinese imports exacerbating fears of economic instability. In response, China has introduced retaliatory tariffs on US goods, increasing uncertainty in global markets.
Adding to gold’s bullish momentum, US Treasury yields have dropped to their lowest level since mid-December, making the non-yielding asset more attractive. Meanwhile, expectations that the Federal Reserve (Fed) will cut interest rates twice in 2025 have pushed the US Dollar to a one-week low, further boosting demand for gold.
Financial Market Newsflash
No financial news published today. Check back later.
