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Gold has suddenly plummeted! The gold price has just fallen below 2750 dollars. FXStreet Analyst's analysis on gold trading.
On Wednesday in Asia, at the end of trading, spot Gold suddenly plummeted after approaching $2760, with the price just dropping below the $2750 per ounce mark, currently around $2747 per ounce. FXStreet senior Analyst Dhwani Mehta stated that the Gold price must break above the psychological mark of $2750 per ounce by the end of the day to challenge the high of $2762 per ounce in November 2024.
Trump's tariff threats trigger safe-haven buying, and gold prices are expected to rise by about $25! FXStreet Senior Analyst's analysis on gold trading.
On Tuesday morning in the European market, spot Gold maintained its intraday rebound, currently priced around $2725 per ounce, up about $18 for the day. FXStreet Senior Analyst Dhwani Mehta stated that due to Trump's tariff threats, Gold buyers are turning their attention to $2750 per ounce.
Trump has stated that a "Global Universal Tariff" may be imposed, and Gold has significantly broken through! Analyst: Gold prices are aiming for historical highs.
On Tuesday during the Asian session, spot Gold maintained a strong rebound, with the current price around 2727 dollars per ounce, having risen nearly 20 dollars during the day. FXStreet Analyst Pablo Piovano stated that Gold prices are still focused on historical highs.
Trump's significant tariff remarks trigger a surge in Gold prices! Gold prices briefly soared by 17 dollars. How to Trade Gold?
On Tuesday during the Asian market, due to Trump's remarks on tariffs stimulating a rise in safe-haven sentiment, spot Gold suddenly surged quickly, with prices soaring by 17 dollars in a short time, currently close to the 2720 dollars per ounce mark. Trump plans to impose tariff measures on Mexico and Canada no later than February 1, with rates potentially as high as 25%, and reiterated his position that these two neighbors of the USA are allowing illegal immigration and drugs to enter the USA.
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