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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.
Bullish Sentiment Intact For COMEX Gold
Trump's remarks have driven Gold prices up by nearly $20 intraday! Bulls are targeting this resistance, according to analysis from well-known Institutions on the Trade of Gold.
#Gold Technical Analysis# 24K99 news On Tuesday (January 21), in the Asian market's late trading, spot gold maintained a rebound trend, with the current gold price around 2727 USD/ounce, rising nearly 20 USD during the day.
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.
In November, 43 tons of Gold were purchased in a buying frenzy! Goldman Sachs revealed a "mysterious Gold buyer": an anonymous central bank circumventing the Swiss Franc.
Goldman Sachs estimates that in November last year, the central banks and Institutions' over-the-counter Gold Bid reached 117 tons, far exceeding the expected 46 tons. Among them, an anonymous central bank purchased 43 tons of Gold through Swiss Franc channels, second only to China's central bank's 50 tons of Bid.
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.