World gold prices have stabilized as the market anticipates potential tariffs on imports of goods in the United States, according to a report by Reuters.
US President Donald Trump is expected to sign an executive order regarding tariffs in early April. Market participants have differing views on the future of trade restrictions.
Some analysts are concerned about the rapid introduction of these tariffs and the strong rhetoric from the American leader, while others believe the restrictions may be more targeted.
Over the past ten days, gold prices have stabilised just above $3,000 per troy ounce. Most major analysts see potential for further growth in the precious metal’s price, but they also express concern about a possible correction if trade restrictions are less severe or if the Federal Reserve takes decisive action.
Kursiv Uzbekistan also reports that investment bank UBS predicts a rise in gold prices to $3,200 per troy ounce.
