Gold pulls back after Trump defends the Dollar

Gold pulls back after Trump defends the Dollar

XAU/USD 4-hour Chart

Gold is trading lower on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs. Trump warned he would use the tariffs if BRICS tried to replace the USD with its own currency. The US Dollar rises, weighing on Gold, although increased geopolitical risk provides supportive inflows into the yellow metal.

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