Analysts warn that such measures can worsen global trade tensions, which would increase the risk of a delay in international trade and the US economy may tilt to a recession.
Even with downward pressure, gold continues to benefit from safe port flows. “The wider market is careful and gold finds support from risk-off sentiment,” said a strategist of the raw materials at a large European bank. “Tarif -Escalatie has innovated concern about economic stability.”
Silver traces lower, but risk aversion offers support
Silver (XAG/USD) slipped to $ 31.40, after wider risk aversion about raw materials and shares. Although the industrial component of Silver makes it more sensitive to the expectations of growth, the demand of the safe haven remains supported.
A firmer US dollar prior to the closely monitored non -farming deliveries (NFP) report also weighed the price of Silver. However, analysts expect that the disadvantage in silver is limited, especially if the NFP data reflects the softness of the labor market or moderate the expectations for American growth.
Fed Rate Cut bets and revenue removal Anchor Gold
The expected Dovish attitude of the Federal Reserve continues to support Gold’s resilience. Traders prices at the end of 2025 in no fewer than four tariff reductions.
In the meantime, the American 10-year-old Treasury yield fell for the first time in six months under 4%-a movement that weakens the dollar and the attraction of non-return assets as gold increased. According to Futures data, markets now show a probability of 64% on a rate reduction against July.