Analysis: The deadline for tariffs is approaching, and market uncertainty is driving gold prices up to $3400

Odaily Planet Daily reported that gold prices rose more than 1% on Monday, reaching the $3400/ounce mark. Due to the weakening of the US dollar and US Treasury yields in the context of uncertainty in trade negotiations, the US has mandated that countries must reach an agreement before the deadline of August 1st, otherwise they will face more tariffs. David Meger, head of metal trading at High Ridge Futures, said, "With the deadline approaching on August 1st, this has brought a certain degree of uncertainty to the market, which is certainly beneficial." Meger said that rumors about the United States cutting interest rates earlier than expected are heating up, and speculation about the possible replacement of Federal Reserve Chairman Powell and Federal Reserve restructuring has intensified market anxiety. (Golden Ten)