GOLD: Surged Again Due to Stronger Safe-haven Demand

XAUUSD Gold Traders
07-14

Hello everyone! Today i want to share some macro analysis with you!

1.

$Barrick Gold Corp(GOLD)$ prices rose again due to stronger safe-haven demand, boosted by a new round of trade tensions. Spot gold rose to around $3,374 per ounce. Earlier, US President Trump announced that he would impose a 30% import tariff on the EU and Mexico starting next month, sparking market concerns about a further deterioration in trade relations.

Gold prices rose 0.6% overall last week, despite earlier market bets that some tariff threats would be withdrawn. However, the latest developments have reignited safe-haven sentiment.

“Trump has continued to issue tariff ultimatums to multiple countries last week and this week, with the latest targets including Mexico, the EU, Canada, and Brazil.”

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