On September 3, data reported that Ilya Spivak, the global macro head of Tastylive, stated: "The U.S. Supreme Court's decision regarding Trump’s tariffs seems to have brought a lot of uncertainty to the market, as the ultimate outcome may fundamentally change the macro situation if it does not align with Trump’s wishes. Trump is attempting to undermine the independence of the Fed to some extent, which is also a very significant issue. Currently, the momentum for gold is clearly leaning towards a one-sided strengthening."