Gold's price (XAU/USD) faces strong selling pressure and extends this week's correction to hit a ten-day low near $2,880 at the time of writing on Thursday.
The leg lower comes after United States (US) President Donald Trump cast doubts and confusion during a cabinet meeting on Wednesday about what levies will be applied, when and to which countries.
President Trump said "tariffs will go on, not all, but a lot of them" and added that levies on Canada and Mexico imports will go into effect on April 2. Reciprocal tariffs should be installed on April 2 too.
The US President confirmed a 25% tariff would be imposed on Europe as well on autos and other things but he did not provide further details.
Source: FXStreet
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