XAU/USD Forecast: Gold reaches records amid escalating US-China trade war

From fxstreet.com

The bright metal soared on Thursday, hitting a fresh all-time high of $3,175.00 a troy ounce during American trading hours. The US Dollar (USD) plummeted on headlines indicating the trade war unleashed by US President Donald Trump is far from over. Trump announced massive retaliatory tariffs last week, only to pause most of them on Wednesday. Stock markets collapsed with the original news, recovering with the more optimistic pause. However, the good mood was short-lived. The White House confirmed on Thursday that levies on China account for 145%, the original 20% plus an additional 125%, which followed Beijing’s ... (full story)