Baanx USD Price & Performance (BXXUSD)

Gold prices dipped below $2,900 as profit-taking and uncertainty over U.S. tariff policies weighed on the market. President Trump's renewed trade measures against Canada, Mexico, and China have introduced volatility, while weaker U.S. consumer confidence heightened recession fears. Technical indicators suggest further downside potential for gold near $2,800.123

Gold briefly touched an all-time high of $2,956 before retreating as traders locked in profits. Despite ongoing economic concerns, including inflation risks and geopolitical uncertainty, gold's rally appears to be losing steam. Analysts suggest further consolidation ahead of key U.S. economic data, which could influence the metal's trajectory.456

Gold trades close to its record high of $3,057 as escalating trade war fears drive safe-haven demand. Markets are rattled by President Trump's impending tariffs, set to be announced on April 2. The precious metal's strength highlights its role as a hedge against economic instability amid persistent global uncertainties.67