Asian markets in early trading. Gold rose slightly amid concerns about US tariffs.

Against the backdrop of tariff concerns in the United States, gold has edged slightly higher in early trading in Asian markets, with such concerns typically enhancing the safe-haven appeal of the precious metal. Spot gold rose 0.2% to $1,317.86 per ounce. U.S. President Trump stated on Wednesday that the U.S. will impose a 50% tariff on Brazilian goods starting August 1st. The 50% tariff is the highest rate announced by Trump in a series of letters to world leaders this week. Samer Hasn, senior market analyst at XS.com, stated: "If the current state of uncertainty, characterized by prolonged delays and unclear trade policy direction, continues, even without a formal trade war outbreak, it could support demand for safe-haven assets."