IAU stock price today forecast indicates cautious optimism as CPI figures show moderating inflation. If spot gold holds above $2,300/oz, IAU may revisit $48.00 resistance. Short-term volatility remains elevated due to Treasury yield swings. The global stock market is threatened by renewed escalation in trade war. This is especially true as President Donald Trump levied 25% tariffs on Canada and Mexico and 10% on China this weekend, citing that the measures were necessary to combat illegal immigration and drug trade. Canada and Mexico immediately vowed retaliatory measures, while China said it would challenge Trump's levies at the World Trade Organization (read: China ETFs in Tug-of War Between Tariff Threats & Policy Boost). The move will drive U.S. inflation faster than expected and hurt consumers, driving up the prices of goods and curtailing spending. It will also affect the global economy and corporate profits, particularly that of big U.S. exporters. All these will continue to weigh on the stock market and could disrupt global supply chains. A model by EY chief economist Greg Daco estimates that Trump’s tariff plan could slash U.S. economic growth by 1.5 percentage points this year, and push Canada and Mexico into recession and trigger domestic stagflation. An analyst at Barclays previously projected that the tariffs, along with expected retaliatory measures, could reduce S&P 500 earnings by 2.8%. Goldman expects the latest tariffs to reduce S&P 500 earnings forecasts by about 2% to 3%, and warned the index fair value could slump about 5% over the near term. Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio. IAU stock price today forecast points toward stability, with intraday price action tracking spot gold’s consolidation. Traders are watching volume patterns; Asian buying phases could spur a test of $48.00 overhead resistance.