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Gold Gains on Trade War Jitters Ahead of Key U.S. Inflation Report

Gold prices rose on Tuesday as escalating global trade tensions increased demand for safe-haven assets. Spot gold climbed 0.4% to $3,354.84 an ounce, supported by a weaker U.S. dollar and renewed geopolitical risks—including Trump’s latest round of tariffs and reports of growing U.S.-Russia tensions.

Investors are also watching for the latest U.S. inflation data (CPI), which could influence the Federal Reserve’s next move on interest rates. Meanwhile, silver held above $38, with analysts saying it could top $40 if current price ratios to gold are maintained.

Original Source: Yahoo Finance

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