Gold glitters amid global uncertainty
Recovered precious metals hold firm since July 1 Precious metals recovered [during July1 to 3] some of their recent losses this week [June 23-27], bolstered by growing global trade tensions and increasing expectations of interest rate cuts by the Federal Reserve later this year. Gold, in particular, saw renewed investor interest as safe-haven demand rose on the back of heightened economic uncertainty. With just over a week to go before the July 9 deadline for the reimplementation of higher tariffs, President Donald Trump once again stirred markets by threatening a new wave of tariffs on Japanese imports. The threat comes amid ongoing frustration with stalled trade negotiations between the United States and Japan. U.S. Treasury Secretary Scott Bessent indicated that countries could soon face tariff increases ranging from 11% to as high as 50%, up from the temporary 10% level introduced earlier this year. Meanwhile, in the United S...