Gold prices remain steady as traders anticipate a series of key macroeconomic events that could influence future price movements. With China resuming its gold buying spree, many market participants are analyzing potential implications for gold’s value.

The backdrop of rising concerns over tariff implications, particularly with voices like former President Trump warning about potential 100% tariffs, contributes to the uncertainty surrounding the precious metal market.

As the situation unfolds, gold’s status as a safe-haven asset could come to the forefront, offering protection to investors amid economic unpredictability.

In summary, with China increasing gold purchases, market participants should closely monitor how these dynamics affect pricing in the short term.