Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors.
Silver took a significant hit in the last few sessions as President Donald Trump’s broad global import tariffs roiled financial markets and sparked fears of trade-war-induced recession.
Despite considerable gains earlier today, all three major indexes closed firmly in the red, extending last week's wipeout with their fourth consecutive losses.
Gold is trading above $3,000 after rebounding from last week’s sharp selloff. The rally is driven by rising geopolitical tensions and shifting expectations for U.S. interest rates.
President Trump's new tariffs seem to be bringing offers to negotiate from many major US trading partners, triggering some gains as a rebound in stocks, commodities, and other risky assets.
The Dow marked its biggest intraday oscillation ever on Monday, dropping more than 1,700 points at its session lows before swinging 2,595 points back into positive territory.
Gold is doing its job. While markets slide, one asset is holding firm. This is not just about tariffs. It is about trust, inflation, and the system itself.
As we move into the new week, sentiment remains fragile. With the trade war narrative heating up again, many traders are sitting on the sidelines, reluctant to commit capital until there’s more clarity.
