Gold Rises Amid Trade-War Risks While Traders Await Fed Decision

Gold advanced amid ongoing trade war risks following US President Donald Trump’s latest tariff comments, while investors await a Federal Reserve interest-rate decision later this week.

While Trump suggested his administration could strike trade deals with some countries as soon as this week, he signaled no imminent accord with China. Meanwhile, the Fed is widely expected to hold rates steady when policymakers conclude their meeting on Wednesday, despite Trump ratcheting up pressure on Chair Jerome Powell, saying last week’s surprisingly strong job data meant there was no reason not to cut rates. For Powell and his colleagues, a firm labor market can easily justify a decision to hold.