Donald Trump is back! So is market volatility. Savvy traders know this is exciting news to celebrate because volatility provides massive opportunities both up and down.
Last week was all about one thing and one thing only: Donald Trump's return to the White House as the 47th President.
Last week, we saw a significant rise in gold as it thrives on uncertainty.
Donald Trump signed a barrage of executive orders alongside a confrontational inaugural speech, both domestically and internationally, ushering in a new era of disruption for the global economy.
Trump announced a 25% tariff on Canada and Mexico by February 1st. Gold and silver immediately benefited from the first round of executive orders.
Canada is one of the world's largest producers of gold, consistently ranking as one of the top four global producers. With USA being the biggest customer for Canadian Gold.
We Could See a Bigger Sell-Off in Gold This Week
Macro Factors That Could Drive Gold Lower This Week:
👉 Lower demand during Asian sessions due to the Chinese New Year holiday (Year of the Snake).
👉 Federal Open Market Committee (FOMC) rate decision.
👉 European Central Bank (ECB) rate decision.
Last week was all about one thing and one thing only: Donald Trump's return to the White House as the 47th President.
Last week, we saw a significant rise in gold as it thrives on uncertainty.
Donald Trump signed a barrage of executive orders alongside a confrontational inaugural speech, both domestically and internationally, ushering in a new era of disruption for the global economy.
Trump announced a 25% tariff on Canada and Mexico by February 1st. Gold and silver immediately benefited from the first round of executive orders.
Canada is one of the world's largest producers of gold, consistently ranking as one of the top four global producers. With USA being the biggest customer for Canadian Gold.
We Could See a Bigger Sell-Off in Gold This Week
Macro Factors That Could Drive Gold Lower This Week:
👉 Lower demand during Asian sessions due to the Chinese New Year holiday (Year of the Snake).
👉 Federal Open Market Committee (FOMC) rate decision.
👉 European Central Bank (ECB) rate decision.
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.
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.