Safe-haven demand increased after a U.S. appeals court upheld Trump-era tariffs, overshadowing optimism from a U.S.–China trade framework. While the agreement hinted at progress, the lack of details and looming tariff deadlines kept risk sentiment in check.
The market is now focused on today’s U.S. CPI release, expected to show sticky inflation in May. Strong inflation data could support the Fed’s stance on keeping rates elevated, which has kept the dollar firm and capped gains in metals — but for now, gold remains bid on geopolitical and inflation uncertainty.
The market is now focused on today’s U.S. CPI release, expected to show sticky inflation in May. Strong inflation data could support the Fed’s stance on keeping rates elevated, which has kept the dollar firm and capped gains in metals — but for now, gold remains bid on geopolitical and inflation uncertainty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.