Trump says gold will not be tariffed
1. Trump states that gold will not face tariffs, easing market concern. 2. Gold futures hit record high before tariff clarification. 3. White House to issue order clearing up tariff misinformation.
FAQ
Why Very Bullish?
Trump's affirmation against gold tariffs stabilizes the market for gold. Historical instances, like during trade tensions, showed that tariff fears can significantly impact gold prices.
How important is it?
Clarification on tariffs directly supports gold prices, impacting AAAU positively.
Why Short Term?
Immediate response observed with gold prices rising; likely to stabilize in the near term.