Gold Inches Up as Traders Eye US Tariffs and Iran Nuclear Talks

Group 1 - Gold prices have increased nearly 6% over the last six sessions, trading near $5,200 an ounce, driven by geopolitical tensions in the Middle East and the impact of US tariffs on global trade [1][4] - The Trump administration is advancing its tariff agenda, with a new directive to raise global tariffs to 15% "where appropriate," following a Supreme Court ruling that affected previous tariffs [4] - Gold has gained 20% this year, recovering above $5,000 an ounce after a brief pullback from a record high of approximately $5,595 in late January, indicating a multiyear bull run influenced by geopolitical and trade tensions [6] Group 2 - The ongoing geopolitical and trade uncertainties are leading to a repricing in gold, as investors are moving away from the US dollar and Treasuries, reflecting a dollar debasement trade [5][6] - Spot gold was reported at $5,199.05 an ounce, with silver declining to $88.92, while platinum and palladium also saw declines [8]