Trade Wars and Geopolitical Risks Push Gold Prices to Peaks

Gold, which approached the $5,180 per ounce mark, gained 1.4 percent in value during the day.
President Donald Trump's announcement that he would implement a 15 percent global tariff following the Supreme Court's decision to restrict emergency powers resonated in the markets.
This move, aimed at protecting existing trade measures, has led to uncertainty in the United States' relationships with its strategic partners.
Japanese officials described the process as a "real mess," leading to a weakening of the dollar index and an increase in demand for gold.
Analysts Warn of Volatility Experts emphasize that a cautious approach toward government bonds and instability in currencies continue to support gold.
Vasu Menon, a strategist at Oversea-Chinese Banking, stated that while structural factors favor gold in the medium term, high volatility is expected in prices in the short term due to trade wars and developments centered around Iran.
The continued search for a safe haven by investors maintains resistance in prices.
Geopolitical Tension and Other Metals While nuclear negotiations between Washington and Tehran continue in the Middle East, U.S.
military activity in the region keeps the risk of conflict alive.
In this atmosphere, the Bloomberg Dollar Spot Index fell by 0.2 percent, while silver prices reached $87.53 with a 3.4 percent increase.
Platinum and palladium, also part of the precious metals group, joined gold by closing the day with gains.