Gold price slightly increased, trade war concerns boosted support for safe-haven assets.

Gold prices edged up slightly as a series of tariff-related statements by Trump indicated concerns over the potential impact of global trade disputes, providing support for safe-haven assets. Spot gold rose by 0.2% to $1,331.47 per ounce. Trump announced that a deal has been reached with Indonesia to impose a 19% tariff on the country. He also mentioned the possibility of imposing tariffs on drugs by the end of this month, with semiconductor tariffs also on the horizon. Meanwhile, the US has initiated an investigation into Brazil's "unfair" trade practices.