Gold lower after Trump safeguards Dollar, threatens BRICS with tariffs
Gold is trading lower on Monday after President-elect Donald Trump threatened the BRICS countries with 100% tariffs.
Trump cautioned he would utilize the tariffs if BRICS attempted to change the USD with its own currency.
The United States Dollar increases, weighing on Gold, although increased geopolitical threat offers helpful inflows into the yellow metal.
Gold (XAU/USD) falls and sells the $2,640 s on Monday due to a more powerful United States Dollar (USD). The drawback is restricted as geopolitical threats stay raised, driving ongoing safe-haven need for the valuable metal.
Gold draws back at the start of the trading week after President-elect Donald Trump threatened to raise 100% tariffs on the BRICS trading bloc of countries if they go on with strategies to change the USD wit...