Gold: The Postponement of the Tariff will Lead to the Rising of the Price?
$XAU/USD(XAUUSD.FOREX)$ $Gold - main 2504(GCmain)$ Early Tuesday (February 4) Asian market, spot gold shock rose, currently trading near 2824 U.S. dollars / ounce. Gold prices fell and then rose on Monday, U.S. President Donald Trump announced tariffs on Canada, China and Mexico, exacerbated the market's concern that inflation will affect economic growth, the dollar index on Monday once jumped more than 1%, so that the price of gold fell to 2772 near, but the price of gold was soon also supported by safe-haven buying and buying on the low side.
In addition, as Trump announced the postponement of the tariff increase on Canada and Mexico, the dollar index retraced its gains, once again providing gold prices with the opportunity to surge higher, the highest gold prices touched $2,830.39 per ounce on Monday, closing at $2,814.38 per ounce.
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