In a phone meeting between Putin and Trump, they agreed to stop attacks on power plants and other energy facilities for 30 days. However, they did not agree to stop the war in Ukraine.
Concerns about Trump’s tariffs and their impact on the global economy have increased risk-averse behavior. As a result, more investors are buying gold, pushing its price to a new record high. The uncertain situation in the Middle East and unclear trade policies are also driving extra money into gold
The Federal Open Market Committee (FOMC) meeting will be held early tomorrow. If expectations for interest rate cuts decrease due to Trump’s tariffs, gold prices may rise even further.
Gold-Dollar Price Range Forecast: 3050 – 3000
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