XAU/USD trades near a fresh weekly high of $2,929.65, with higher highs in sight. The bright metal benefited from the broad US Dollar’s (USD) weakness, the latter affected by tepid United States (US) data and President Donald Trump’s massive tariffs on trade partners.
President Trump addressed Congress late on Tuesday and played down the potential negative effects of his latest round of tariffs. “. There'll be a little disturbance, but we're okay with that. It won't be much,” Trump said, adding that reciprocal tariffs on trading partners will come into effect
President Trump addressed Congress late on Tuesday and played down the potential negative effects of his latest round of tariffs. “. There'll be a little disturbance, but we're okay with that. It won't be much,” Trump said, adding that reciprocal tariffs on trading partners will come into effect
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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.