Comment: Gold dips but trade uncertainty will linger

Nikos Tzabouras, Senior Market Analyst at Tradu.com, said:

“Gold dips amid risk-on mood sparked by the US-China trade agreement that dulls demand for safe havens. The substantial rollback in duties, coupled with growing optimism about further trade deals with other partners, opens the door for a deeper pullback in gold prices.

“However, the relief may prove short-lived. The agreement represents a temporary pause, not a comprehensive resolution, and negotiations for a broader deal are expected to be more complex. As a result, trade uncertainty is likely to persist, potentially underpinning continued interest in gold as a hedge against geopolitical and economic volatility.”