On February 1st, White House Press Secretary Levitt confirmed at a press conference that the Trump administration will impose 25% tariffs on Mexican and Canadian goods from February 1st, and denied Reuters' statement that the Mexican-Canadian tariffs will take effect on March 1st. After the news was announced, the US dollar index DXY rebounded by up to 69 points from the daily low to reach 108.48, and the US dollar against the Canadian dollar USD/CAD erased its previous decline and rallied again...
The election results catalyzed a decline in gold, or a low gold price referral in the short to medium term. Many analysts believe that gold prices will continue to fall and may be sold here before going higher again > >
Will "terror data" trigger a "big reshuffle"? Gold's downside may be limited, and new bulls may be ready to enter the market at this level! The Fed's first drop is just an appetizer...
Spot gold fell to $2,430 per ounce, down nearly $50 from the intraday high, down 0.68%.