Gold touch softer after Secretary Lutnick takes the sting out of tariffs
Gold’s price (XAU/USD) tries to cling on to its gains from past few days on Wednesday after earlier losses in the Asian trading session and trades around $2,920 at the time of writing on Wednesday. With tariffs still in place and several more tariffs to come for Europe and other countries, Gold will remain the place to be in terms of safe haven.
However, some surprising comments from United States (US) Commerce Secretary Howard Lutnick overnight hinted that tariffs could already be eased or fully unwinded for Mexico and Canada. This pressures the upside for Gold for now.
Source : Fxstreet