Gold prices fell after President Trump announced that he would delay a 50% tariff on the EU. This news caused more people to buy U.S. dollars, which made gold go down. However, it seems that the effect of this tariff delay is starting to fade.
Because of Trump’s often-changing comments and the current uncertainty, we think that after this period of adjustment ends, gold prices may go up again.
Today and tomorrow are the end of the week and the end of the month, so there may still be some selling as people adjust their positions. But it might be a good time to start getting ready to buy gold again.
Gold-Dollar Expected Range: 3270 – 3330
Note: This information does not guarantee profits. Please make your own decisions when trading.