Due to concerns over a potential global economic slowdown sparked by tariffs, gold is slightly rising in the early Asian session. Following the Ontario province’s retreat from a fee on power headed for the United States, President Trump on Tuesday vowed to increase tariffs on Canadian metals but subsequently withdrew the promised action. Ruben Ferreira of FlowCommunity writes in an email that concerns about a possible U.S. economic recession are becoming more widespread. The head of Portuguese Operations said that if the U.S. inflation report this week is less than anticipated, the Fed may take a more dovish stance and consider lowering rates sooner, which might boost gold prices. The price of spot gold is up 0.1% at $2,917.14/oz.
