Gold prices have returned to normal after a significant price spike triggered by concerns that President Donald Trump’s tariffs might include gold. The physical market has loosened, indicating a rush to ship bullion to the US may be over. In recent months, gold prices in New York rose above international benchmarks, creating an arbitrage opportunity for traders and driving a global surge of gold shipments to America.
Source: https://www.bloomberg.com/news/articles/2025-03-04/gold-s-price-disruption-eases-as-trump-tariff-trade-exhausted