Gold prices are currently trading around $3,030, following a sharp recovery after a significant downfall of 2% in early trading. The market’s reaction comes as concerns over the escalating trade war intensify, affecting not only bullion but also stocks and the US dollar. Analysts note that the current selling pressure has been substantial, caused by a pervasive risk-off sentiment among investors. Those trading in gold are encouraged to stay alert to ongoing developments as the market seeks to navigate these challenging conditions. The interplay between various financial instruments will be critical in dictating the future trajectory of gold prices.