Since the end of the Trump era, XAU/USD bulls appear to be in withdrawal. Following a robust rally in the wake of Trump’s departure, the gold market has shown a significant correction. The descent can be attributed to various factors including the steady strengthening of the US dollar, and an optimistic economic outlook which lessens the appeal of safe haven assets such as gold. Despite this, long term investors remain undeterred, viewing this correction as a potentially advantageous entry point. It will be intriguing to monitor how current geopolitical developments influence the trajectory of gold prices. However, for now, it appears that the XAU/USD bulls are in retreat. Read More
Leave a Reply