PRECIOUS METALS | Gold Prices Surge Amid U.S. Tariff Policy Changes

U.S. President Donald Trump's recent decision to overturn the "reciprocal tariffs" policy and implement additional tariffs has introduced new uncertainties to U.S. tariff policies, leading to increased market risk aversion. According to Ming Pao, this has resulted in spot gold prices temporarily rising above $5,200 per ounce. Zhao Shande, a senior strategist for ETF business at Value Partners Group, commented on the outlook for gold prices, suggesting that the uncertainty surrounding U.S. government policies and geopolitical factors could drive gold prices to challenge the $6,000 mark within the year. He also noted that short-term adjustments might present buying opportunities.