Gold prices remained flat during the early European trading hours on Friday. This stability comes as a decline in US bond yields across the curve lends support to the yellow metal. The economic policies of the Trump administration, specifically the announcement of tariffs on some of America's trading partners, are beginning to take shape, raising concerns among investors.
President Donald Trump has outlined the imposition of tariffs, which are expected to be implemented in the coming quarters. These measures have generated apprehension regarding potential foreign retaliation. As a result, market participants are closely monitoring the situation, as these developments have the potential to influence global trade dynamics.
The growing concerns about President Trump's tariff plans have provided some support to gold, traditionally seen as a safe-haven asset during periods of economic uncertainty. Investors appear to be turning to gold as a hedge against potential market volatility stemming from the administration's trade policies.
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