Recent gold futures have seen their largest decline in four years, but analysts say Trump's tariff threats may boost the outlook for gold prices

Recent gold futures closed flat in New York, marking the largest decline in four years. Analysts point out that Trump's threat to impose tariffs on Canada and Mexico could enhance the outlook for gold prices. Although a stronger dollar and rising U.S. Treasury yields put pressure on precious metals, the increase in global public debt may support gold prices. Easing tensions in the Middle East could reduce some risk premiums, but the impact of the Russia-Ukraine war remains concerning. Investors are focused on the possibility of interest rate cuts by the Federal Reserve, as rate cuts would enhance the appeal of gold