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Safe-haven gold gains on tariff uncertainty ahead of August 1 deadline
Gold prices rose on Thursday as traders turned to the safe haven asset amid ongoing tariff uncertainty, as U.S. President Donald Trump’s August 1 deadline to end negotiations approaches. Spot gold was up 0.6% at $3,295.11 per ounce. U.S. gold futures slipped 0.2% to $3,347.8. “We’ve seen an uptick in trade uncertainty as we approach this August 1st deadline for tariffs... just a little bit of a revival of the safe haven bid,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. “The midpoint of the broader range is sort of around $3,312/oz and we tested that level today. I’d ... (full story)
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- Jul 31, 2025 2:44pm Posted byFundamental Analysis234
