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Use price falls to make sure you have enough gold
After an aggressive run up in the wake of the "Liberation Day” tariffs announcement, the price of gold’s upward climb seems to have petered out. A key driver of this has been signs of tariff rapprochement, most recently cemented between the US and China. The USD has also consequently seemed to have found its feet—after falling 5.3% from 2 to 21 April, the USD index (DXY) has rebounded around 3.5%—a stronger USD tends to weigh on the gold price. Meanwhile, the S&P 500 is back to levels before 2 April and the VIX equity volatility index is back to March levels, suggesting that risk appetite has recovered ... (full story)
