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ING: The surge in gold shipments to the United States will subside.
Jin10 Data, April 6 - ING: The surge in gold shipments to the U.S. will likely subside after being exempt from new tariffs. The gold dumping should be temporary, and the escalating trade actions may continue to boost safe-haven buying. So far, Trump's unpredictable trade policy has been one of the key drivers for gold in 2025. We believe that uncertainties around trade and tariffs will continue to support prices. Additionally, another key driver - Central Bank purchases - may continue.