Ipek Ozkardeskaya, a senior analyst at Swiss Bank Baosheng, said: "Gold is still the most reliable hedge against Trump's tariffs." President Trump announced on Wednesday a 25% tariff on all imported cars, intensifying the global trade war. Economists are concerned that this may slow economic growth and trigger inflation, and it is expected that the United States will impose retaliatory tariffs on its trading partners next week. Traders are now waiting to see how the dollar reacts to the Personal Consumption Expenditures Price Index data on Friday. However, analysts at Peak Trading Research stated: "Given that we just heard Powell's speech last week, this data will not have a significant impact - the Fed is not in a hurry, and the inflation caused by tariffs is 'temporary'."
Analyst: Gold remains the most reliable hedge against Trump's tariffs
2025-03-27 19:06:14 Primitive Reading
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