Gold prices fall as US tariff saga continues
Gold prices (XAU/USD) reversed gains and fell lower to around $2,633 on Monday after shooting higher on the first trading day of 2025 as traders were eager and quick to reopen their positions that were cut ahead of Christmas.
Since then, gold prices have started to ease slightly, although US yields remain somewhat elevated.
The knee-jerk reaction accelerated after headlines emerged that President-elect Donald Trump might consider imposing universal tariffs on essential imports.
The headlines were pushed back by President-elect Trump himself who said that the tariffs would be imposed in their original form.
Source: FXStreet