Tariffs are wielded again to detonate the market
Last Friday, US President Trump's remarks were like dropping a bombshell. He publicly stated that he planned to raise tariffs on imported steel and aluminum from the current 25% to 50%. This radical move immediately triggered a strong reaction from global trading partners, and the European Commission issued a warning at the first time, saying that Europe was ready to take retaliatory measures.
Russia-Ukraine war escalation exacerbates geopolitical risks
On the eve of the peace talks, the conflict between Ukraine and Russia has not eased, but has shown signs of a sharp escalation. The two sides have launched one of the largest drone wars since the conflict, and the war has even spread to Russia. This has undoubtedly pushed regional tensions to a new height.
The weaker dollar boosted gold prices
In addition to safe-haven demand, the weakening of the US dollar index also provided additional support for gold's rise. During the Asian trading session on Monday, the US dollar index fell 0.5% to 98.93, also hitting a new low in nearly four trading days. Since gold is priced in U.S. dollars, a weaker dollar typically makes gold cheaper for holders of other currencies, stimulating demand.
Markets hold their breath for the Fed's signal
With gold prices rebounding strongly, keep a close eye on Fed Chairman Powell's upcoming speech this week. The market expects to get more clues about the outlook for monetary policy from it. With inflation not yet fully under control and economic growth showing signs of slowing, the Fed's policy orientation will have a profound impact on assets such as gold.
Analysis summary:
Under the combined effect of multiple factors such as intensified global geopolitical tensions, renewed trade war risks, and a weaker U.S. dollar, gold has once again demonstrated its unique charm as the ultimate safe-haven asset.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
Last Friday, US President Trump's remarks were like dropping a bombshell. He publicly stated that he planned to raise tariffs on imported steel and aluminum from the current 25% to 50%. This radical move immediately triggered a strong reaction from global trading partners, and the European Commission issued a warning at the first time, saying that Europe was ready to take retaliatory measures.
Russia-Ukraine war escalation exacerbates geopolitical risks
On the eve of the peace talks, the conflict between Ukraine and Russia has not eased, but has shown signs of a sharp escalation. The two sides have launched one of the largest drone wars since the conflict, and the war has even spread to Russia. This has undoubtedly pushed regional tensions to a new height.
The weaker dollar boosted gold prices
In addition to safe-haven demand, the weakening of the US dollar index also provided additional support for gold's rise. During the Asian trading session on Monday, the US dollar index fell 0.5% to 98.93, also hitting a new low in nearly four trading days. Since gold is priced in U.S. dollars, a weaker dollar typically makes gold cheaper for holders of other currencies, stimulating demand.
Markets hold their breath for the Fed's signal
With gold prices rebounding strongly, keep a close eye on Fed Chairman Powell's upcoming speech this week. The market expects to get more clues about the outlook for monetary policy from it. With inflation not yet fully under control and economic growth showing signs of slowing, the Fed's policy orientation will have a profound impact on assets such as gold.
Analysis summary:
Under the combined effect of multiple factors such as intensified global geopolitical tensions, renewed trade war risks, and a weaker U.S. dollar, gold has once again demonstrated its unique charm as the ultimate safe-haven asset.
XAUUSD GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD 
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.