The gold prices rise again: Does the trend continue?

Gold prices extended the profits on Tuesday, which was due to the demand for safe haven, as trade conflicts broke out after US President Donald Trump imposed new tariffs from the world's top business partners.

Spot Gold rose by 0.8 percent to $ 2,917.61 per ounce of 0939 GMT, for a second session in a row. Bullion has increased 10 percent this year and has reached a record high of $ 2,956.15 on February 24.

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The US gold Futures rose by about 1 percent to $ 2,928.90.

Trump's new 25 percent tariffs for imports from Mexico and Canada came into force around 0501 GMT. He also doubled the tasks for Chinese goods to 20 percent. China immediately dismissed additional tariffs of 10-15 percent of certain US imports from March 10 and a number of new export restrictions for certain US institutions.

“With Trump 2.0, which delivers exactly the chaos that he promised in the US elections, western investors join to buy central banks from Emerging Market as an all-weather hedge,” said Adrian Ash, head of research at online Marketplace Bullionvault.

Dealers are now waiting for the U.S. on the USA's ADP employment report due on Wednesday and the US salary account report on Friday for references to the Federal Reserve's interest railway.

“Any reference to a slowdown in the US economy would support the requirement of more Fed rate and the gold price. In the coming weeks we will continue to see gold to re-test the heights, ”said UBS analyst Giovanni Staunovo.

The US central bank kept the interest rates stable in its last session. It is expected that the cut will be resumed in June and that the short -term loan costs could reduce again in September.

JPMorgan expects gold of almost 3,000 US dollars per ounce in the fourth quarter of 2025.