Gold rose close to a record on Monday (4/21) at the start of the Asian trading session. There are still many factors that can support the movement of Gold to rise. One of them is because the weakening US-led trade war supports demand for safe haven assets, with data to be released in the coming days that may highlight early signs of damage to the global economy. On the other hand, the movement of the dollar also affects the movement of Gold, for now the DXY is at the level of $ 98, this is a negative level, during Donald Trump's term by providing a number of terrible policies for the world,...
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark. US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset. Source: Newsmaker.id
Gold rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id