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Gold Prices Surge Amid Tariff Fears

Gold Prices Surge Amid Tariff Fears and Federal Reserve Meeting Anticipation
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Gold prices have climbed to a two-week high, driven by renewed safe-haven demand as investors grapple with the implications of President Donald Trump's latest tariff announcements and await the Federal Reserve's upcoming policy meeting. On Tuesday, spot gold increased by 0.7% to $3,357.63 per ounce, while U.S. gold futures rose 1.3% to $3,366.10. The surge follows President Trump's unexpected declaration of a 100% tariff on foreign films and plans to impose additional tariffs on pharmaceuticals, escalating trade tensions and market volatility. Investors are also closely monitoring the Federal Reserve's policy meeting, with expectations that interest rates will remain unchanged. Analysts suggest that any dovish signals could further bolster gold's appeal as a non-yielding asset during periods of economic uncertainty.
Tue, 05/06/2025 - 11:57

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