🟡 Gold Nears All-Time High as Global Risk Appetite Wanes
Gold prices held firm near historic peaks on Tuesday, trading around $4,660–$4,670/oz as investors rushed into safe-haven assets amid rising geopolitical and trade tensions. Recent tariff threats from the US against multiple European nations — tied to a dispute over Greenland — have shaken markets and boosted haven demand for gold and other defensive assets.
The push higher for gold comes as European leaders prepare countermeasures and emergency talks to respond to widening U.S.–EU trade frictions. Safe-haven flows were also reflected in weaker equities and a softer U.S. dollar, reinforcing gold’s appeal.
Market participants are also watching key data releases later this week — including the delayed U.S. PCE inflation report — for clues on future policy direction, which could further influence gold momentum.
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