Gold prices (XAU/USD) weakened slightly on Tuesday after two days of gains. However, the safe-haven metal is likely to strengthen due to uncertainty ahead of US President Donald Trump's tariff deadline on August 1st. Market sentiment has also deepened due to growing concerns about the independence of the Federal Reserve (The Fed).As of this writing, gold prices are at $3,388. Source: Newsmaker.id
The price of silver (XAG/USD) weakened slightly, approaching $38.80 at the start of the European trading session on Tuesday (July 22nd). However, the precious metal remains near its decade-high of around $39.00. The outlook for this precious metal remains bullish due to high demand for safe-haven assets due to ongoing concerns over global trade flows.As of this writing, the price of silver is at $38,837. Source: Newsmaker.id
Gold maintained its three-day rally as US President Donald Trump announced a highly anticipated trade deal with Japan, signaling progress in tense negotiations ahead of his August 1 tariff deadline. Bullion prices are trading near $3,430 an ounce, up 2.5% so far this week as Trump announced he would impose 15% and 19% tariffs on goods from Japan and the Philippines, strategic geopolitical allies. With several countries racing to secure trade deals, investors are seeking clarity, particularly on progress with China. Source: Newsmaker.id