Tariffs and Gold: A Trade War’s Golden Ripple EffectTariffs, especially those involving major economies like the U.S. and China, can impact gold prices by influencing inflation, economic growth, and market uncertainty. If tariffs lead to trade wars, economic slowdowns, or higher consumer prices, investors may seek gold as a hedge against inflation and economic instability, driving prices up. Conversely, if tariffs strengthen a country’s economy by protecting domestic industries and boosting confidence in the local currency, gold prices may decline as investors favor riskier assets. The overall effect depends on how tariffs influence global economic conditions and investor sentiment.
