Gold Prices Surge to Two-Week High Amid Tariff Concerns

Gold prices surged to multi-week highs, driven by heightened investor demand amid renewed concerns over U.S. President Donald Trump's announcement of new tariffs, including a proposed 100% tax on imported movies and forthcoming pharmaceutical tariffs. These developments increased gold's appeal as a safe-haven asset, with spot prices rising over 1% globally and reaching record levels in Vietnam, where gold has climbed more than 45% since the start of the year. Market analysts noted that optimism about easing trade tensions had previously reduced gold's allure, but the latest tariff threats reversed this trend, pushing investors back into bullion. The Federal Reserve's upcoming policy meeting is also in focus, with expectations of unchanged interest rates; any dovish signals could further bolster gold prices. In Vietnam, surging gold prices have prompted regulatory review, with authorities planning tighter oversight of gold trading businesses. Overall, ongoing global economic uncertainty and shifts in U.S. trade policy continue to support robust gold demand.