The US dollar was under more pressure as President Trump remained uncertain on his trade stance.
With the recent news about his plans to impose a 50% tax on the EU, gold continued its bumpy grind higher.
Timestamps
DXY 00:35
XAUUSD 01:50
The US dollar was under more pressure as President Trump remained uncertain on his trade stance.
With the recent news about his plans to impose a 50% tax on the EU, gold continued its bumpy grind higher.
Timestamps
DXY 00:35
XAUUSD 01:50
Interesting to see how geopolitical uncertainty, especially Trump’s trade rhetoric, is fueling gold’s rally. If the EU tax actually goes through, it could set off another wave of dollar weakness.