Gold price ( XAU/USD) attracts some buyers to around $2,915 during the early Asian session on Monday. Global uncertainty and the threat of a global trade war by US President Donald Trump provide some support to the precious metal.
Last week, US President Donald Trump on Thursday issued an executive order exempting goods from both Canada and Mexico under a North American trade agreement, known as USMCA, two days after imposing them. However, US Commerce Secretary Howard Lutnick said late Sunday that the 25% tariffs on steel and aluminum imports, set to take effect on Wednesday, are unlikely to be postponed. The uncertainty surrounding Trump’s tariff policies is likely to boost safe-haven flows, benefiting the Gold price in the near term.
GOLD BUY 2910-2907
TP 1: 2915
TP 2: 2920
TP 3: 2925/OPEN
SL 2904
#DOLLARHUNTERX
Last week, US President Donald Trump on Thursday issued an executive order exempting goods from both Canada and Mexico under a North American trade agreement, known as USMCA, two days after imposing them. However, US Commerce Secretary Howard Lutnick said late Sunday that the 25% tariffs on steel and aluminum imports, set to take effect on Wednesday, are unlikely to be postponed. The uncertainty surrounding Trump’s tariff policies is likely to boost safe-haven flows, benefiting the Gold price in the near term.
GOLD BUY 2910-2907
TP 1: 2915
TP 2: 2920
TP 3: 2925/OPEN
SL 2904
#DOLLARHUNTERX
Trade active
DO SUPPORT MY FREE CHANNELt.me/DollarHunterXxX
Trade closed: target reached
HIT TP! RUNNING 80 PIPS FROM LOWEST ZONE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.