[World Gold Council: If Trump Tariffs Are Lifted, Gold May Experience a Short-Term Pullback] Jin10 News, January 9 – Joseph Cavatoni, Senior Market Strategist for North America at the World Gold Council, stated that if Trump tariffs are lifted, it could trigger doubts about all assets, commodities, and even gold. For gold, this may lead to increased volatility, regional price impacts, and significant inflows or outflows of gold inventory to or from the U.S. As uncertainty diminishes and risk appetite shifts back to other asset classes, gold may experience a short-term pullback. However, elevated geopolitical risks and ongoing policy fluctuations are more likely to provide support for gold prices. In the long term, the spot gold market remains resilient and stable, typically benefiting from safe-haven capital flows. Even if tariffs are lifted, gold is still expected to be supported by central bank demand, diversified investment demand, and its role as a hedge against broader economic and policy risks.