What a mess!

Looking at the price of Gold we see that it is down again and pressured by a strengthening US Dollar.
At the mean time we see tensions rising due to a possible global trade war, which will set back the global trade and economic growth.

Not only do we see Gold pulling back, basically every commodity is down today.

The trade tensions between China and the U.S. continued today as the US may impose a tariff of around $200 billion (!) of Chinese goods if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.

I am not sure where this is going to, but these trade wars are usually not good for the geopolitical spectrum and I really hope our “world leaders” gain some common sense instead of showing incompetence and start solving problems instead of creating more.

For the precious metals it could be a bullish sign as they are still considered a safe Haven.

Let’s see how this will play out.