The yellow metal is once again shining brightly! Gold prices (XAU/USD) have begun the week with a strong upward trajectory, pushing close to the significant $5,100 mark. During the early Asian session on Monday, the precious metal edged higher to around $5,095, extending a rally that underscores its enduring appeal in times of global economic and political uncertainty.
So, what’s fueling this latest surge? The primary catalyst appears to be the ongoing rhetoric from US President Donald Trump regarding tariff threats. Such pronouncements inevitably introduce a significant degree of market uncertainty, leading investors to seek refuge in traditional safe-haven assets. And when it comes to safe havens, gold often tops the list.
As trade tensions simmer and geopolitical landscapes remain unpredictable, the demand for gold as a store of value naturally increases. This flight to safety boosts the metal’s price, demonstrating its role as a reliable hedge against market volatility and economic headwinds. Beyond the immediate tariff concerns, market watchers are also keeping a keen eye on potential US-Iran talks, which could add another layer of complexity or stability to the global stage, further influencing investor sentiment.
For now, gold continues its climb, reminding us that in an ever-changing world, some assets remain consistently valued for their ability to weather the storm.
Source: Original Article
