The Federal Reserve’s June meeting minutes showed concerns over tariffs’ long-term effects on inflation. The CME FedWatch Tool indicated a 62.9% probability of a 25 basis point rate cut in September.<\/p>\n
Trump also revealed a 50% tariff on Copper and Brazil due to political issues and national security, respectively. He confirmed the August 1 deadline for tariffs will remain unchanged.<\/p>\n
Gold’s technical levels show its price breaking the $3,340 threshold, with indicators pointing to bullish momentum. The 23.6% Fibonacci retracement at $3,372 may limit further gains. Conversely, a stronger US Dollar might pressure Gold, bringing the 50-day SMA of $3,325 into focus as support.<\/p>\n
In “risk-off” environments, Gold and safe-haven currencies like the US Dollar, Yen, and Swiss Franc thrive. These markets see increased demand during uncertainties, providing stability and shelter from fluctuations.<\/p>\n
With tariffs reshaping expectations and inflation risks resurfacing, the pressures on central banks are becoming more direct and data-sensitive by the week. The Federal Reserve, while balancing its twin mandates, remains visibly attentive to inflation projections, especially as fresh barriers to trade push costs higher across supply chains. Minutes from the Fed\u2019s June meeting reveal unease about long-term inflationary pressures, underscoring the bank\u2019s potential reluctance to commit to deeper rate cuts without clearer disinflationary evidence. However, expectations for a 25 basis point adjustment in September are still priced by the market at just under 63%, which means traders are betting on some degree of policy action\u2014though the probability isn’t overwhelming.<\/p>\n
We\u2019ve now got a tight feedback loop forming where political decisions\u2014particularly those invoking national security or domestic advantage\u2014are fuelling immediate market reactions. Tariffs announced on Canadian and Brazilian exports have shaken confidence regionally, but more importantly, they have skewed risk assessments globally. For forward contracts and implied volatility in metals and currency pairs, this creates pricing tension well beyond August.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Gold surges above $3,360 amid U.S. tariffs, global trade tensions, and safe-haven demand despite rising yields.<\/p>\n","protected":false},"author":62,"featured_media":16976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-26291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/26291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=26291"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/26291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16976"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=26291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=26291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=26291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}