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

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.

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