XAU/USD: Gold Rises Further on New US Tariffs
Portfolio Pulse from
Gold prices rose to a one-week high after President Trump announced new tariffs on imported cars, triggering market concerns about global trade disruption and potential economic slowdown. The safe-haven asset benefited from increased investor uncertainty, with technical indicators suggesting a bullish near-term outlook.
March 27, 2025 | 11:30 am
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Gold price rose on safe-haven demand following new US tariff announcements, with technical indicators showing strong bullish momentum and potential for further gains.
Geopolitical tensions and trade uncertainties typically drive investors towards safe-haven assets like gold. The technical analysis suggests a strong bullish momentum with potential for further price appreciation.
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