Gold price fluctuates, traders await the minutes of the Federal Reserve meeting and Trump's trade agreement.
The fluctuating gold prices are causing investors to wait for the minutes of last month's Federal Reserve meeting and further developments in the trade negotiations with U.S. President Donald Trump. Gold is trading near $3,300 per ounce, having dropped 1% in the previous trading day. Trump's decision to postpone all "Liberation Day" tariffs to next month has alleviated concerns about the worst-case scenario in global trade this week, weakening the demand for gold as a safe-haven asset. Although Trump has mentioned the possibility of imposing new tariff rates on copper and pharmaceutical imports, the tariff postponement has eased worries about the economic impact of tariffs. If these measures are eventually implemented, investors may once again flock to gold as a safe haven.
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