Gold was trading at $2620 since then and it caught a remarkable bid in the ensuing weeks, climbing to $2953 this week.
More importantly, the fundamentals are shifting. Here are some looming changes:
You can consider it over now and one of the (only) predictable things about Trump is that he doesn't like war. If that's the case, then a more peaceful world is a drag on gold.
3) Bitcoin has fallen 20%
4) Tariffman has disappointed
5) Chinese investors have found something new
6) The fiscal hawks might be back
7) The seasonal trade is done
There are some risks in the other direction too. Tariffs could come, the US dollar appears to be weakening, China's recent bounce could be a dead cat.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about has gold topped seven reasons why it might have was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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