Gold Price Surges Above $3,000 Amid Intensified Trade War Tensions
Gold prices, denoted as XAU/USD, are witnessing a resurgence, moving higher in conjunction with equity markets following a remarkable downturn experienced on Monday. Currently, the precious metal maintains its position above the crucial $3,000 mark. This movement reflects broader market anxiety over escalating trade tensions, prompting investors to flock to gold as a safe-haven asset. With geopolitical factors at play, gold may continue experiencing fluctuations as traders gauge market sentiment.