Tariff War Still the Best Fuel for Haven Assets
Gold prices experienced a fairly deep correction last Friday. When viewed from the technical side, the increase in the yellow metal was considered too excessive, where several indicators had indicated that a correction had to occur.
However, if we look further from the fundamental side, gold has not found any pressure that could drag it down, several US economic news that is considered good for the dollar has also not been able to shake the increase in gold. What happened last Friday was the result of profit-taking, where prices were considered too high and profits had to be taken. On the other hand, there are also several analysts who say that Trump's threat of reciprocal tariffs is actually just a negotiation tool so that the future effect will not be too great on gold, but all of that can actually be refuted by the increase that has occurred again in gold.
The reciprocal tariffs that are being studied by Donald Trump's team are still the best fuel for gold to date in addition to geopolitical factors in both the Middle East and Europe that must be watched out for which could one day make gold fly high if they break out again.
Source : (mrv@Newsmaker)
