Gold steadies as Trump tariff blitz jolts markets, Fed Minutes in focus
From fxstreet.com
Gold price registers minimal losses on Monday as worries about the resumption of a possible trade war increase, following US President Donald Trump's announcement on his social media platforms of the first trade letters sent to South Korea and Japan, which establish duties on goods and products. At the time of writing, XAU/USD trades at $3,333, down 0.06%. The trade war continues after Trump announced tariffs of 25% on all Korean and Japanese products sent to the US, starting August 1. US Treasury yields have risen as has the US Dollar. Gold prices had seen a recovery but remain down as risk appetite soured with the ...
(full story)