On June 11, financial expert Nikos Tzabouras said in a report that the safe-haven appeal of precious metals has strengthened as U.S. courts upheld what President Trump called “reciprocal” tariffs during appeals. On the other hand, optimism about the US-China trade deal has risen, and US negotiations with other partners may also make progress in the near term. Tzabouras added that these conditions could dampen the rally in gold prices and lock it in a narrow price band.
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Trade negotiation progress or restrictions on gold price rise
On June 11, financial expert Nikos Tzabouras said in a report that the safe-haven appeal of precious metals has strengthened as U.S. courts upheld what President Trump called “reciprocal” tariffs during appeals. On the other hand, optimism about the US-China trade deal has risen, and US negotiations with other partners may also make progress in the near term. Tzabouras added that these conditions could dampen the rally in gold prices and lock it in a narrow price band.