💨 Abstract

Gold prices increased on Tuesday due to uncertainty surrounding U.S. President Donald Trump's upcoming tariffs, causing safe-haven demand due to fears of an economic slowdown, trade tensions, and inflation concerns. This rise in gold prices is attributed to expectations of rate cuts from the Federal Reserve this year, tariff jitters, and geopolitical instability, with gold often thriving in a low-interest-rate environment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖