Gold remains uncertain as U.S. eases tariff stance
Gold remains uncertain on Monday as U.S. officials soften their stance on reciprocal tariffs.
- Gold remains stable around $3,020 following Friday’s decline, as reports suggest U.S. President Trump may scale back tariffs by April 2.
- While the metal finds support near the $3,000 level, mounting pressure raises the risk of further downside.
Gold (XAU/USD) remains indecisive, hovering around $3,020 as markets react to fresh tariff developments. Over the weekend, reports emerged that the Trump administration will scale back its broad tariff plans set for April 2, opting instead for more targeted measures on specific sectors by country or region.
This shift eases fears of widespread reciprocal tariffs, which were initially aimed at encouraging companies to reshore operations to the U.S. However, according to MarketWatch, a 25% tariff may not be enough to disrupt corporate supply chains, with experts suggesting that significantly higher import taxes—ranging from 100% to 200%—along with substantial government subsidies, would be required to drive large-scale reshoring.
