Jin10 data reported on May 8, after The Federal Reserve (FED) warned that tariffs bring uncertainty to the economy, Asian gold prices rose in early trading. Precious metals often perform well during times of economic uncertainty. However, expectations for U.S. trade talks may limit price pumps. The global commodities research team at Bank of America Global Research stated in a report that according to Bank of America Global Research's supply and demand model, gold prices could easily trade above $3000/ounce, but currently will not exceed $3500/ounce, especially in the case of easing trade disputes.