Gold prices were little changed on Thursday as a stronger U.S. dollar offset the impact of U.S. President Donald Trump's latest tariffs in driving buying by investors seeking shelter from geopolitical risk.

As de-dollarization gains momentum, rising central bank gold purchases and widening currency swings signal that investors should hedge by keeping a modest 5%–10 % gold allocation and diversifying into select assets not denominated in dollars.

Gold's performance is influenced by geopolitics, trade wars, and central bank reliance, with negative consequences affecting the dollar index and gold.

Gold prices nudged higher on Thursday as rising trade tensions steered market participants toward the safety of bullion, though gains were limited by an uptick in the dollar.

Drawing on fresh data, historical parallels, and economic indicators, Maharrey lays out a compelling case: the dollar is in trouble, and gold is emerging as the true safe haven.

Convert United States Dollar To Gold Ounce 1 USD = 0.00030015 XAU Jul 11, 2025 04:29 UTC Check the currency rates against all the world currencies here.

The U.S. president, whose global wave of tariffs has upended businesses and policymaking, said the European Union will receive a letter "today or tomorrow". Both Nasdaq futures and S&P 500 futures fell about 0.4%. EUROSTOXX 50 futures dropped 0.6%. The euro slipped 0.3% to $1.1668, while the dollar gained 0.4% to C$1.3704.

The U.S. dollar faces a variety of headwinds heading into the second half of the year that could have important investing implications.

Front Month Comex Gold for July delivery gained $24.40 per troy ounce, or 0.73% to $3356.00 this week –Up $82.30 or 2.51% over the last two weeks –Largest two week net and percentage gain since the week ending June 13,

Gold prices pared earlier losses on Monday after U.S. President Donald Trump announced a 25% tariff on goods from Japan and South Korea starting August 1, prompting some safe-haven interest, though a strong U.