Gold Shaken, Markets Digest Tariff & Iran Risks
Gold prices fell below $5,149/oz on Tuesday after four consecutive days of gains. This correction occurred as market participants reassessed the risks of new US tariffs and lingering geopolitical uncertainty.
On the trade front, the Trump administration is attempting to revive the global tariff agenda following last week's Supreme Court ruling overturning many of the duties imposed last year. The administration announced a new 10% tariff that took effect Tuesday, and Trump later threatened to raise it to 15%.
Trump also warned on Monday that countries that "play around" with existing trade agreements could face higher tariffs. This signaled that the direction of tariff policy could still change quickly, thus maintaining high volatility in safe-haven assets like gold.
On the geopolitical front, market attention remains focused on the US-Iran talks, scheduled to resume on Thursday. Trump has stated his preference for a negotiated settlement, but has also warned of serious consequences if a nuclear deal is not reached—maintaining defensive demand despite today's gold price correction. (asd)
Source: Newsmaker.id
