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GOLD: Gold’s Fortunes in the Hands of USD. 

GOLD
Metals bulletBulletMarketsFixed Income BulletsForeign Exchange BulletsCommodities
  • Despite the safe-haven status it enjoys, gold suffered yesterday as the USD gained as markets came to grips with the latest tariff threats, and a tech route saw a flight to the dollar.
  • With President Trump threatening tariffs on steel, aluminum and copper imports, the USD gained – which typically limits the upside for gold prices.
  • The tech route wiped $1trillion from the NASDAQ on fears that the US may not have the AI superiority it thinks, giving support to the USD.
  • Gold fell 1% and trading today has oscillated around where bullion closed yesterday.
  • Opening at US$2,740.81 gold barely moved today to trade down to $2,739.84. 
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  • Despite the safe-haven status it enjoys, gold suffered yesterday as the USD gained as markets came to grips with the latest tariff threats, and a tech route saw a flight to the dollar.
  • With President Trump threatening tariffs on steel, aluminum and copper imports, the USD gained – which typically limits the upside for gold prices.
  • The tech route wiped $1trillion from the NASDAQ on fears that the US may not have the AI superiority it thinks, giving support to the USD.
  • Gold fell 1% and trading today has oscillated around where bullion closed yesterday.
  • Opening at US$2,740.81 gold barely moved today to trade down to $2,739.84.