Gold breaks through $3400 as trade negotiations and Fed speculation create market uncertainty.

According to 【Coin World】, gold prices rose over 1% on Monday, surpassing the $3400/ounce mark. This is due to the weakening of the dollar and U.S. Treasury yields amid uncertainty surrounding trade negotiations. The U.S. has mandated that countries must reach an agreement before the August 1 deadline, or face additional tariffs. David Meger, head of metals trading at High Ridge Futures, stated: "As the August 1 deadline approaches, it brings a certain level of uncertainty to the market, which is certainly favorable." Meger noted that rumors regarding an earlier-than-expected interest rate cut by the U.S. have been heating up, and speculation about the potential replacement of Fed Chairman Powell and a restructuring of the Fed has heightened market anxiety.