VelasPad USD Price & Performance (VLXPADUSD)

Gold prices have recently fallen to $2,895.33, retreating from earlier highs. Market sentiment turned cautious as President Trump revived tariff discussions, targeting Canada, Mexico, and China. The bearish trend is reinforced by declining US consumer confidence and profit-taking among traders. Analysts warn of potential further declines toward $2,800.123

The gold market remains on edge as President Trump’s tariff plans fuel uncertainty. Gold, currently trading near $2,860, has seen a 4% drop from its record high. While tariffs on imports raise inflation fears, traders speculate on whether gold could face similar levies, adding to its price volatility.435

Gold surged to a historic $3,005 per ounce amid heightened geopolitical risks and robust demand from central banks. Escalating tensions in the Middle East and ongoing tariff threats have driven investors toward safe-haven assets. Analysts suggest the precious metal could remain volatile, with the $3,000 mark acting as a key psychological level.567