Gold Steady Amid US Tariff Threats
Gold prices (XAU/USD) eased slightly from a two-week peak around $3,409–$3,410 during the Asian session, as traders took profits ahead of the weekend. Positive stock market sentiment and a moderate strengthening US dollar exerted minor pressure on gold prices.
However, uncertainty surrounding the trade war continues to loom over the market, particularly following new tariff threats from US President Donald Trump this week. This has supported gold as a safe-haven asset.
Furthermore, growing expectations that the Federal Reserve will cut interest rates again in September have limited the US dollar's strength. This helped non-yielding gold attract buying interest when prices fell to around $3,380.
Investors are advised to be cautious of the potential for aggressive downward movements, as a combination of external factors could still provide positive support for gold prices. (ayu)
Source: Newsmaker.id