Gold Is Ready To Fall

28 Jan

Gold trades marginally higher on Tuesday, still down for the week. XAU/USD recovered from an intraday low of $2,734.68 and approaches the $2,600 mark in the mid-American session. Financial markets were risk-averse throughout the first half of Tuesday amid fresh tariff-related concerns following comments from United States (US) President Donald Trump. Trump said he does not want gradual tariffs, as proposed by his Treasury Secretary Scott Bessent on Monday. Bessent suggested on Monday that the country could impose gradual levies of 2.5%, which could be increased periodically.

28 Jan

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