Gold Surges Past $5,200 Amid Trade Policy Uncertainty and Fed Easing Bets

Gold prices climbed significantly, surging over 1% to reach $5,204 after bouncing off session lows of $5,121. The rally was primarily driven by growing uncertainty surrounding US trade policies, which prompted investors to seek refuge in safe-haven assets. Additionally, increasing market bets that the Federal Reserve will ease monetary policy through the remainder of the year provided a strong tailwind for the precious metal. As a non-yielding asset, gold becomes more attractive in an environment where interest rates are expected to decline. Market participants are closely monitoring geopolitical developments and trade relations for further directional cues. The technical recovery from the $5,121 level suggests robust buying interest amid the current macroeconomic backdrop, keeping the bullish momentum intact.