Gold remains near $3,333 as Trump delays new tariffs until August, giving trade partners time to negotiate.
As global markets await clarity on U.S. trade policy, gold prices remained stable following President Trump’s announcement of new tariffs targeting several nations — a move that has left the door open for further negotiations.
Gold prices held their ground on Tuesday,
as investors weighed the implications of U.S. President Donald Trump’s latest tariff announcement. While new levies were imposed on several key trading partners, Trump signaled that dialogue remains possible, a development that could significantly shape future market sentiment.
According to Bloomberg, spot gold was little changed at $3,333.20 an ounce in early Singapore trading. The Bloomberg Dollar Spot Index slipped 0.2% after a 0.5% gain on Monday. Meanwhile, silver posted modest gains, and both palladium and platinum rose in tandem.
Trump’s Renewed Tariff Pressure
In a bold escalation of his protectionist trade agenda, Trump has threatened Japan and South Korea with 25% tariffs, while extending new duties to a dozen other countries, including South Africa and Thailand. However, in a strategic move, the White House has delayed the implementation of these tariffs until August 1 — effectively giving the affected nations a three-week window to reach bilateral trade deals with the U.S.
Gold’s Resilience Amid Uncertainty
Gold has seen a robust rally in 2025, setting a new record high in April. Market analysts attribute much of this strength to geopolitical tensions and economic uncertainty, both of which have increased demand for safe-haven assets like gold.
Central bank activity has further buoyed prices, most notably China’s continued expansion of its official gold reserves. The country recently reported a new increase in holdings, reinforcing a trend among global economies to diversify away from the U.S. dollar.
Looking Ahead: Trade Tensions in Focus
With no clear resolution in sight, markets are closely monitoring the next steps in U.S. trade diplomacy. Should negotiations falter, the likelihood of additional tariffs looms, a scenario that could drive gold prices even higher as risk-averse investors seek refuge.
Experts believe that if trade tensions escalate further, gold may break through new resistance levels in the coming months. Other key factors to watch include U.S. dollar performance, Federal Reserve interest rate policy, and macroeconomic developments across Asia’s major economies.
Conclusion
President Trump’s decision to postpone tariff enforcement until August has temporarily eased immediate market pressures. However, the underlying uncertainty surrounding international trade relations persists. In this environment, gold continues to demonstrate its role as a reliable store of value, likely attracting more investor interest in the weeks ahead.
