Permission Coin USD Price & Performance (ASKUSD)

Gold prices have been buoyed by the uncertainty surrounding U.S. President Donald Trump's tariff policies, which continue to rattle global markets. With tariffs on Canada, Mexico, and potentially the EU, demand for gold as a hedge against inflation and economic instability has surged, though profit-taking has tempered recent gains.12

Gold recently reached a record $2,956 per ounce before retreating slightly. Rising inflation concerns and geopolitical tensions have bolstered its appeal as a safe-haven asset. However, traders are cautious as resistance levels near $2,960 test bullish momentum, leaving the $3,000 milestone uncertain in the short term.23

Gold's trajectory remains uncertain as inflation expectations rise and tariff concerns persist. While the precious metal benefits from its safe-haven status, technical analysis shows resistance at $2,924 and support at $2,881. Market participants await U.S. inflation data, which could further influence gold's direction.14