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Gold Bulls Regain Control Above $5100
Just as we saw immediately after the Liberation Day tariff rate announcement in early April last year, markets are again showing pressure on the US dollar alongside renewed demand for safe havens. As a safe haven predominantly priced in USD, gold has rallied following the SCOTUS ruling that Trump’s reciprocal tariffs were illegal. Trump’s response, announcing 15% global levies to be introduced Tuesday under Section 122, grants him 150 days to formulate a sustainable plan. That window matters. A potentially sizeable government revenue gap risks amplifying concerns surrounding the US fiscal outlook and, by ... (full story)