Gold prices rose on Monday, as lingering uncertainty over US-China trade negotiations and renewed geopolitical risks boosted demand for safe-haven assets.
Tensions in Eastern Europe remain a source of concern, while new developments in the Middle East could keep investors cautious.
Trade negotiations between the US and China are a key factor in the precious metal’s value.
While President Donald Trump stated over the weekend that China was eager to reach a deal, Beijing reiterated its conditions for resuming talks, highlighting the absence of any imminent progress. The stalemate, combined with a weaker US dollar, helped support the metal.
On the monetary front, investor focus is turning toward this weekโs Federal Reserve policy meeting. Any dovish signals or signs of a slowing economy may support the metal further, while a firmer Fed stance could limit short-term upside. At the same time, economic uncertainty driven by Trumpโs unpredictable tariff policy could continue to drive demand for gold.
Leave a Comment