Miners point out that the upside risk for gold prices still outweighs the downside risk.

Jin10 data on August 12 reported that in recent days, news regarding the U.S. government potentially imposing tariffs on imported gold bars has triggered severe fluctuations in international gold prices. After a significant rise in New York gold futures on the 8th, they fell by 2.48% on the 11th, nearly erasing all gains from the previous week. Following U.S. President Trump’s statement on the 11th that he would not impose tariffs on imported gold, miners pointed out that the upward risk for gold prices still outweighs the downward risk in the future.

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