Gold rises amidst the shadow of the trade war as traders focus on the Federal Reserve's interest rate decisions.
The rise in gold prices and the latest comments from USA President Trump regarding tariffs continue to cast a shadow of risk over the trade war, while investors are awaiting the Federal Reserve's interest rate decision later this week. Although Trump has indicated that a partial trade agreement may be reached this week, he also suggested that an agreement would not be reached immediately.
Commodity Roundup: Gold Gains 2%, Barclays Cuts 2025, 2026 Brent Outlook on OPEC+ Supply Shift
World Gold Council quarterly report: Bullion, ETF purchase spree, Gold demand sees the strongest start in nine years.
① The World Gold Council report states that in the first quarter of 2025, global gold demand is expected to grow by 1% year-on-year, reaching 1,206 tons, setting the strongest demand record for a first quarter since 2016; ② The report indicates that retail investors continue to Buy gold bars and coins, the investment enthusiasm for Gold ETF has also reignited, and central banks across various countries continue to purchase gold to diversify their Forex reserves.
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