According to Deep Tide TechFlow news on March 27, Jin10 reported that the gold price rose 0.8% in early trading, driven by tariff uncertainties and rapidly changing geopolitical situations, which have made investors feel nervous.
Ipek Ozkardeskaya, a senior analyst at Swiss bank Lombard Odier, stated: “Gold remains the most reliable hedge against Trump’s tariffs.” President Trump announced on Wednesday a 25% tariff on all imported cars, escalating the global trade war, and economists are concerned that this could slow economic growth and trigger inflation, with expectations that the U.S. will impose reciprocal tariffs on its trading partners next week.
Traders are now waiting to observe the reaction of the dollar to Friday’s Personal Consumption Expenditures Price Index data. However, analysts at Peak Trading Research stated: “Given that we just heard Powell’s speech last week, this data won’t have much impact— the Federal Reserve is not in a hurry, and the inflation caused by tariffs is ‘temporary.’”
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