Gold outlook: XAU/USD under pressure as trade tensions rattle markets

From forex.com

Gold suffered a sharp setback at the Asian open, in tandem with global assets, before swiftly paring losses to briefly turn positive. However, it drifted lower once again, trading in the red at the time of writing. The question now: will bullion resume its upward march, or succumb to further weakness alongside the broader risk-off move triggered by fresh tariff tensions out of Washington? For us, the gold outlook has tilted more cautious in the near-term outlook, even if haven demand is going to be elevated amid the market turmoil. Indeed, it’s been a dire start to the second quarter for risk assets, and volatility ... (full story)