Gold Prices React To Market Uncertainty
With uncertainty reflecting in gold’s price movements, traders pushed the metal back towards the $2,900 level after it briefly dipped to $2,830. The 10-year Treasury note yield also dropped to 4.176%, marking its lowest point since the final month of 2024. A sustained close above $2,900 may allow an attempt at the year’s high of $2,954, making resistance levels essential to watch. If the rally falters, support levels around $2,877 and $2,864 from mid-February could come into focus. The broader upward trend appears intact unless a sharp move below $2,800 materialises.
Tariffs And Their Economic Impact
Tariffs remain a divisive tool in economic policy. While they aim to protect domestic industries by discouraging reliance on imports, they also carry the risk of inflating prices and provoking retaliatory measures. Unlike typical consumption taxes, which apply at the point of sale, tariffs must be settled upon entry of goods into a country. The economic debate surrounding these measures persists, with contrasting views on their effectiveness.
