• Gold stays near record highs despite dollar strength
• Fed signals two rate cuts, boosting gold’s appeal
• Powell dismisses Trump’s tariffs as “transitory”
• Trade and geopolitical risks drive safe-haven demand

Gold prices remain near record highs, driven by dovish signals from the Federal Reserve and rising geopolitical tensions.

The Fed reaffirmed its plan for two rate cuts this year, supporting gold’s appeal as a non-yielding asset. Despite concerns over inflation, Fed Chair Powell downplayed the impact of President Trump’s tariffs, calling them “transitory”.

However, global trade uncertainty continues to fuel market anxiety, with an April 2 deadline looming for Trump’s reciprocal tariffs on nations that have levied duties on US goods.

Meanwhile, escalating conflicts in the Middle East have further bolstered gold’s safe-haven demand.

Although gold recently eased from its peak ($3,057) due to a strengthening dollar, its overall uptrend remains intact for now.

As long as risk-off sentiment dominates, gold’s bullish momentum is expected to persist amid economic and geopolitical instability.

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