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Gold outlook: Trade truce pressures likely to keep XAU/USD under pressure for a while
The US-China tariff truce was exactly the kind of news risk markets were craving—and it delivered. Equities ripped higher, the US dollar flexed some muscle, and safe havens like gold got left behind. The yellow metal slid over 3% as traders rotated out of defensive plays. But while the short-term gold outlook looks shaky, the longer-term case for the bulls hasn’t disappeared. It’s just taking a breather. Markets cheered the agreement between the US and China to roll back tariffs for 90 days. US levies on Chinese imports dropped from 145% to 30%, while China’s tariffs on US goods fell from 125% to 10%. ... (full story)
