Gold prices rose on renewed optimism around U.S. interest-rate cuts and growing uncertainty over global trade policies.
Comments from Fed officials show a split on how tariffs may influence inflation, but some—including Governor Waller—support lowering rates, which typically favors gold since it doesn’t offer yield.
The metal has already surged 27% this year as investors seek safe-haven assets amid economic and geopolitical tension.
Meanwhile, traders are closely watching upcoming tariff decisions, Trump’s pressure on Fed Chair Powell, and how global partners may respond. Silver, platinum, and palladium also climbed alongside gold.