GOLD: Bearish Movement May Resume AgainGOLD: Bearish Movement May Resume Again
Bloomberg reported that Canada is not open to lifting tariffs until the US takes them down.
Yesterday President Trump and Trudeau had scheduled to speak.
As Reuters reported - U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules, the White House said on Wednesday, a development that halted at least for now Wall Street's steepest skid in nearly three months.
If that is true, they could likely find a deal that can be extended beyond April 2nd. That could bring new hope for a pause in the trade war and could support gold moving lower as the situation calms down each day.
You may find more details in the chart!
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