- Gold attracts buyers for the second straight day amid concerns about a global trade war.
- Bets that the Fed would cut rates further lend support to the non-yielding yellow metal.
- Rebounding US bond yields and a modest USD uptick do little to cap the XAU/USD pair.
Gold price (XAU/USD) sticks to its intraday gains through the first half of the European session on Tuesday and is currently placed comfortably above the $2,900 mark. Investors remain worried about a potential escalation in global trade tensions on the back of US President Donald Trump’s protectionist trade policies. Apart from this, bets that the Federal Reserve (Fed) would cut interest rates further, bolstered by the unexpected fall in US Retail Sales and mixed signals on inflation, continue to act as a tailwind for the non-yielding bullion.
Meanwhile, a delay in the implementation of Trump’s reciprocal tariffs and the optimism over talks…
