When the dollar declines and demand for safe haven assets rises, gold futures climb as well. Futures are trading at $2,878.90 per troy ounce, up 1.1%. Bullion’s attraction as a safe haven has increased as geopolitical worries have increased as expectations of a short-term peace agreement between Russia and Ukraine wane. After U.S. President Donald Trump and Vice President JD Vance clashed with Ukrainian President Volodymyr Zelensky in the White House, there are now further worries. Defence stocks in the European Union have surged in response to the incident, which has shocked some European authorities. Meanwhile, financial markets are becoming more cautious due to the Trump administration’s Tuesday reaffirmation of its tariff intentions on China, Canada, and Mexico.
