Tariff Policy Uncertainty Boosts Demand for Precious Metals
After the U.S. Supreme Court rejected several tariff policies previously introduced by former President Trump, concerns over policy direction intensified, prompting investors to seek refuge in gold and other precious metals. Prices for gold, silver, platinum, and palladium all saw notable gains.
Market Outlook on Fed Interest Rate Policy
Several Federal Reserve officials have indicated no immediate plans to adjust interest rates. Market participants now expect three 25-basis-point rate cuts by the end of the year, further supporting the upward trend in precious metal prices.
Geopolitical Tensions Fuel Safe-Haven Demand
At the same time, geopolitical developments are also contributing to the rally. Oman’s foreign minister announced that the U.S. and Iran will hold their third round of nuclear talks in Geneva, raising concerns over potential escalations.
- Gold prices rose over 1%
- Spot silver surged more than 4%
- Platinum prices jumped by 4%
- Palladium rose over 2%
Analysts say that as long as uncertainty remains in U.S. fiscal and trade policies, precious metals are likely to continue gaining momentum.