The global economic landscape remains a key driver for gold, a traditional safe-haven asset. Investors are closely watching developments in international relations and trade policies impacting major economies.

Reports suggest that ongoing trade disagreements between key global powers are creating uncertainty. This uncertainty frequently enough leads investors to seek refuge in gold, driving demand and potentially prices upward.

Geopolitical events are also playing a notable role. Any escalation or significant shifts in international conflicts can trigger a surge in gold’s appeal as a stable store of value. Market watchers anticipate continued price swings throughout the week.

The Council of Geopolitics-Trade War, in its latest assessment, indicated that the interplay of thes factors is complex. It suggests that immediate sharp increases or decreases in gold prices are unlikely, but a fluctuating trend is almost certain.