According to Jinshi data reports, gold prices rose more than 2% on Monday due to a weakened dollar and concerns over a global trade war sparked by Trump's new tariff policies. Spot gold rose over 2.3%, U.S. gold futures rose 2.4%, and the dollar index fell 0.4%.
Trump announced a 100% tariff on movies produced outside the United States, but did not specify implementation details. Analysts at Swiss bank say that a slowing dollar is favorable for gold, as U.S. GDP data fell short of expectations, leading more investors to bet that the Federal Reserve will cut interest rates faster, also considering oil price trends.
