On Monday, gold prices increased slightly, remaining close to record highs. Demand for gold remains strong due to uncertainty surrounding U.S. trade tariffs and interest rate policy.


Over the past two weeks, gold prices have reached record highs as President Trump's tariff measures boosted demand for safe-haven assets. However, Trump's decision to delay the implementation of some tariffs has caused gold prices to retreat from their peak levels.


Demand for safe-haven metals has also eased due to speculation about a possible agreement between Russia and Ukraine, as Trump expressed his desire for both countries to reach peace. Negotiations are expected to begin in the coming weeks.


As of February 17, 2025, at 08:55 Lithuanian time, the SPOT gold price had increased by 0.44% to USD 2,895 per ounce.


Gold remains near record highs. The recent increase in gold prices was supported by the Trump administration's decision to impose a 25% tariff on imported steel and aluminum. The U.S. president has also proposed reciprocal tariffs on major U.S. trading partners, although these measures are expected to take effect only in April.


Recent tariffs on metals have caused dissatisfaction among several countries, while Beijing has responded to the 10% tariffs imposed by Washington earlier this month. These developments have helped sustain demand for gold amid growing concerns about a trade conflict between the world's largest economies.