TechFlow news, on March 27, according to Jinshi Data, gold prices rose 0.8% during morning trading, driven by tariff uncertainty and rapidly shifting geopolitical dynamics that have unsettled investors.
"Gold remains the most reliable hedge against Trump's tariffs," said Ipek Ozkardeskaya, senior analyst at Julius Baer. On Wednesday, President Trump announced a 25% tariff on all imported automobiles, escalating global trade tensions. Economists warn this could slow economic growth and trigger inflation, with expectations that the U.S. will impose retaliatory tariffs on its trading partners next week.
Traders are now waiting to see how the dollar reacts to Friday's personal consumption expenditures (PCE) price index data. However, analysts at Peak Trading Research noted, "Given that we just heard from Powell last week, this data won't have much impact—the Fed isn't in a hurry, and tariff-driven inflation is considered 'transitory'."
