From Financial Modeling Prep: 2025-06-04 07:50:00

Gold prices remained steady near multi-week highs as market uncertainty persisted. While a potential Trump-Xi meeting hinted at trade negotiation progress, tensions in Eastern Europe and the Middle East kept demand for safe-haven assets like gold intact.

Trump’s tariff increase and geopolitical conflicts fueled gold’s appeal as a hedge. Despite risk-on sentiment, doubts over a U.S.-China deal and currency market instability supported gold’s stability.

Equities rose on hopes of diplomatic resolutions, but gold’s lack of movement revealed market indecision. Anticipation for key economic data releases may drive gold’s next move amid a tug-of-war between optimism and fear.



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