Gold prices held near a monthly high of $3,395 per ounce, supported by increased demand for safe haven assets ahead of the August 1 US tariff deadline. The White House's statement that President Trump may issue more unilateral tariffs increased market uncertainty. The US dollar weakened 0.5% in the previous session, making gold more attractive to global buyers.
Meanwhile, the market continues to monitor the Fed's interest rate outlook ahead of next week's decision. Although the probability of a rate cut remains low, market expectations still point to a total of around 46 basis points of cuts by year-end. Low yields support the appeal of gold, which has risen more than 25% this year due to rising geopolitical risks and aggressive US trade policies.
Source: Newsmaker.id
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