Gold Fundamentals and News:
• The US will implement a 104% tariff on Chinese imports starting Wednesday, confirming by White
House Press Secretary Karoline Leavitt.
• This escalation raises fears of a trade war pushing the global economy into recession, boosting
demand for safe-haven gold.
• Investors expect that the tariffs could trigger a US economic slowdown, leading the Federal Reserve
to resume rate cuts soon.
• The CME Group’s FedWatch Tool indicates a 60% chance of a Fed rate cut in May and five cuts in
2025.
• Investors await the release of FOMC minutes, US CPI, and PPI for insights into the Fed’s policy
direction, affecting the USD and XAU/USD.
….Click below View button for more info…