Gold Spot / U.S. Dollar
Long
Updated

Tariffs remain a major driver of XAUUSD swings

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The long-term upward trend remains unchanged. Tariffs are still a major variable causing significant fluctuations in gold.

In April 2025, the global trade war was in a severe situation. The adjustment of the United States' tariff policies triggered a series of countermeasures from various countries. The specific situation is as follows:

U.S. Tariff Policies
Since April 9th, the United States has imposed tariffs ranging from 10% to 25% on goods from China, the European Union, Canada, and other regions, covering key sectors such as automobiles, steel, and semiconductors.😒

Countermeasures of Various Countries

China: On April 4th, China announced that it would impose a 34% tariff on U.S. goods starting from April 10th. On April 9th, the tariff rate was further increased to 84%, covering all U.S. goods.😠

The European Union: Announced that it would impose a 25% tariff on U.S. motorcycles, diamonds, and other goods starting from May 16th.😤

Canada: Imposed a 25% retaliatory tariff on U.S. automobiles on April 9th, but exempted auto parts.😏

Impacts of the Trade War
Price Increases: Imported automobiles, electronic products, etc. are likely to increase in price. If U.S. agricultural products are subject to tariffs imposed by China, the prices of items such as meat and edible oil may fluctuate.😫

Employment Market Impact: Enterprises relying on exports may lay off employees. For example, the manufacturing industry in China and European automobile factories are affected. In the United States, certain industries such as agriculture and retail also face pressure.😔

Financial Market Volatility: The global stock market has experienced increased short-term volatility. Investors have shifted to safe-haven assets such as gold and treasury bonds. The stock price of Tesla plummeted by 40% due to tariff policies.😱

Supply Chain Disruption: There may be delays in the delivery of chips and auto parts due to trade barriers. The supply of some imported pharmaceuticals and industrial raw materials may also be affected. The prices of some products on cross-border e-commerce platforms may increase, and the costs of purchasing agents and cross-border logistics will rise.😣

At present, the rise of gold is still driven by the demand for a safe haven. It remains uncertain whether the 104% tariff will actually be implemented. Once relations deteriorate, it will truly be bullish for gold again. In the short term, this is definitely something that needs to be closely monitored.🤔

This upward movement has led to the clearing of many traders' accounts or significant losses 😫. You can follow my signals and gradually recover your losses and achieve profitability 🌟.

Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗


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