Gold prices today continue to maintain a short-term uptrend, driven by trade tensions and U.S. inflation data.
The weakening of the USD and the drop in U.S. Treasury yields have increased gold's appeal as a safe-haven asset. The trade tensions between the U.S. and the EU, along with new tariff measures, further boost the demand for gold.
Additionally, the U.S. PPI for June rose by 2.3%, lower than the forecast and May’s increase, suggesting that inflation could decrease in the future. The market expects the Fed to cut interest rates in September, weakening the USD and supporting gold's uptrend.
With factors like trade tensions, a weaker USD, and positive inflation data, gold prices may continue to rise. Investors need to closely monitor these factors to devise an appropriate strategy.
The weakening of the USD and the drop in U.S. Treasury yields have increased gold's appeal as a safe-haven asset. The trade tensions between the U.S. and the EU, along with new tariff measures, further boost the demand for gold.
Additionally, the U.S. PPI for June rose by 2.3%, lower than the forecast and May’s increase, suggesting that inflation could decrease in the future. The market expects the Fed to cut interest rates in September, weakening the USD and supporting gold's uptrend.
With factors like trade tensions, a weaker USD, and positive inflation data, gold prices may continue to rise. Investors need to closely monitor these factors to devise an appropriate strategy.
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Related publications
Disclaimer
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