Gold Prices Plummet Below 3300: Tariff News and Strong USD Influence
The gold price (XAUUSD) dipped to a one-and-a-half-week low, oscillating around the 3246-3245 mark during the Asian session on Thursday. This price movement reflects the market’s reaction to the news that a federal court blocked President Trumpโs anticipated trade tariffs from being implemented. This ruling sparked a surge in risk appetite, placing further strain on gold prices for the fourth consecutive day. The ongoing strength of the US Dollar exerts additional pressure on traditional safe-haven assets like gold. As investors navigate this volatile landscape, monitoring trend changes in both equity markets and global trade relations will provide critical insights. For detailed analyses on gold trends, check out Entreprenerdly.com.