Gold prices continued to rise, reaching a new all-time high again yesterday, following last weekend’s increase.
U.S. President Trump said, ‘Tariffs start with every country,’ which has raised concerns about the global economy. Because of this, more people are buying gold as a safe asset. Since the new tariffs will start tomorrow (the 2nd), the market is feeling nervous. However, gold has been hitting record highs for three days in a row, so it may need a break soon.
If the tariffs begin tomorrow and the uncertainty about them decreases, some people may decide to sell gold and take their profits.
Gold-Dollar Price Range Prediction: 3135 – 3100
Note: This information does not guarantee profits. Please make your own decisions when trading.