Gold Near 5-Week High as Silver Rallies
The market turns its focus to the upcoming August 1 U.S. tariff deadline, which could impose up to 30% duties on EU exports. The uncertainty around global trade negotiations, combined with central banks largely holding rates steady, has pushed investors toward safer assets.
GOLD Gold is holding around $3,380, near a five-week high, as investors remain wary of U.S. trade policies and upcoming central bank speeches. Gains are capped by reduced rate cut expectations following firm U.S. data.
The market turns its focus to the upcoming August 1 U.S. tariff deadline, which could impose up to 30% duties on EU exports. The uncertainty around global trade negotiations, combined with central banks largely holding rates steady, has pushed investors toward safer assets.
GOLD Gold is holding around $3,380, near a five-week high, as investors remain wary of U.S. trade policies and upcoming central bank speeches. Gains are capped by reduced rate cut expectations following firm U.S. data.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.