"Gold extended its advance on Tuesday, trading close to record levels after hitting an all-time high in the previous session. The move reflects strong safe-haven demand amid escalating trade frictions and persistent geopolitical uncertainty. On Monday, Donald Trump threatened to raise tariffs on goods from South Korea. The renewed tariff rhetoric has added to concerns over global growth and reinforced demand for safe-haven assets such as gold."
"Institutional flows continue to underpin the rally. Gold ETFs recorded robust inflows of 34.5 tonnes last week, led by investments from Asia, highlighting sustained investor appetite. At the same time, ongoing purchases by central banks are expected to persist this year, supporting a constructive medium-term outlook for the metal. Geopolitically, risks remain elevated. Tensions in the Middle East continue to intensify, while in Eastern Europe, recent diplomatic efforts have yet to translate into a meaningful de-escalation on the ground."
Gold extended gains and traded close to record levels after an all-time high in the previous session. Strong safe-haven demand amid escalating trade frictions and persistent geopolitical uncertainty underpins the rally. Recent tariff threats from the US, including a proposal to raise tariffs on South Korean goods, added to global growth concerns and boosted demand for bullion. Institutional flows and ETF purchases remain robust, with 34.5 tonnes of inflows last week led by Asian investors, and central bank buying expected to continue. Market attention now focuses on the US Federal Reserve meeting and Chair Powell's commentary.
Read at London Business News | Londonlovesbusiness.com
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