It seems that Trump has finally grasped the fact that his decisions and his words have a lot of weight and a lot of consequence in the world politics. Of course this realization might be coming a little bit too late for our taste, but it is good that it has finally come. Although even his good decisions tend to have a lot of consequence and most of them turn out to be bad. For example, new wave of Chinese tariffs – now we know that he was going to impose a new set of tariffs on China which looks pretty weird now, especially given the fact that trade talks are not so far away from us. But. There are some traders who can still salvage the pieces. For example, gold traders.

That’s right. US futures might have risen on the information that tariffs are going to be postponed, but traders in general are somewhat shaken by the news. That can explain one of the swiftest and most rapid escape towards the safe havens that we have seen in the recent years. In just a couple short hours, gold saw more action than in some months proper to today. The price flew up and right now we are waiting to see what is going to happen to the precious metal next.

And that reminds me that we are going to keep a closer look at the metal the closer trade talks are getting.

Have you seen the rise of gold with our trading signals this time?