Last weekend, there were some news reports saying that tariffs would also be added to gold bullion. This caused panic buying in the gold market. People were surprised because many thought that Trump’s tariffs would not apply to gold bullion. The idea that gold supply could be reduced led to more buying.
However, later reports said the White House might explain that this news was wrong. Even so, there has been no real reaction since then.
This week, the market is expected to stay nervous about any news on tariffs. If the news was false, people who bought gold might sell it. But if tariffs really happen, gold prices could test the high of around 3,438 seen on July 23.
Expected gold–dollar price range this week: 3,350 – 3,430 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.