In the early Asian commerce, gold is stable. As macroeconomic uncertainty increases, prices remain mostly stable, according to a report from the ANZ Research team. As markets factor in the prospect for several rate cuts by the U.S. Fed this year, the decision by the U.S. to postpone tariffs on Mexico caused rates on U.S. Treasurys to drop to their lowest levels of the year, they say. Antonio Di Giacomo of trading platform XS.com says in a note that the precious metal is consolidating its upward trend and that given its appeal as a safe-haven asset, there may be opportunity for prices to increase even further. The price of spot gold is $2,910.00/oz.
