Carbon browser USD Price & Performance (CSIXUSD)

Gold prices have dipped below $2,900, pressured by profit-taking and uncertainty surrounding U.S. tariff policies. Investors are cautious as President Trump’s plans for new tariffs on imports like steel and semiconductors loom. While gold’s safe-haven demand remains intact, recent market volatility has weighed on the metal’s short-term performance.123

The U.S. dollar’s recent decline, coupled with inflationary pressures, has influenced gold prices. Despite a hawkish Federal Reserve stance, the dollar has struggled, creating a mixed environment for gold. While inflation data is anticipated, its impact on gold remains uncertain, as market participants weigh risk aversion against profit-taking.456

Gold prices hover near $2,860 as geopolitical tensions and economic fears persist. U.S. tariff policies and recession concerns have bolstered demand for the metal as a safe haven. However, traders remain cautious, with upcoming inflation data likely to influence gold’s trajectory in the near term.786