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Gold logs biggest daily price drop in 3 months, as Trump says it won’t be subject to tariffs - MarketWatch

1. Gold price fell 2.5%, marking its largest drop in three months. 2. Trump confirmed no tariffs on gold, causing price volatility. 3. Gold futures reached a record high above $3,500 last week. 4. Concerns over economic policy and geopolitical tensions affected prices. 5. Settlement on Monday was the lowest since August 1.

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FAQ

Why Bearish?

The recent large decline hints at instability, similar to past tariff-related sell-offs.

How important is it?

Tariff news leads to significant price change; this could influence trader sentiment.

Why Short Term?

Immediate impact due to recent news, but gold prices may stabilize afterward.

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