Gold experienced a short-term price surge recently after President Trump announced he would not impose tariffs on gold. The spot gold price jumped by $12 in a mere 10 minutes following the announcement. This decision alleviated concerns among investors about potential trade disruptions and increased costs associated with gold imports, leading to renewed interest in the precious metal as a safe-haven asset. While the long-term effects of this decision remain to be seen, the immediate impact was a noticeable boost in gold prices. Market analysts are now closely watching for further developments that could influence gold's trajectory. Factors like interest rate decisions, inflation data, and geopolitical events will continue to play a crucial role in shaping the future of gold prices. ```