PRECIOUS METALS | Gold Market Sentiment Remains Bullish Despite Tariff Ruling

Gold prices experienced a sharp decline following a Supreme Court tariff ruling, yet bullish sentiment quickly regained dominance, according to Jin10. John Weyey, head of the commercial hedging department at Walsh Trading, noted that despite losing a potential positive factor, gold retains significant upward momentum. Many market participants continue to buy gold due to its ongoing rally, which has persisted over the past six months. Weyey believes that the market will maintain this strategy until a bearish signal emerges. Although the tariff decision has reduced some uncertainty, other risks remain, supporting the continued rise in gold prices.