GOLD: Rise for the Weather!
$Gold - main 2506(GCmain)$ On Monday (14 April), spot gold pulled back sharply as risk sentiment improved.
Spot gold closed Monday's session down a whopping $27, or 0.83 %, at $3,210.64 . Gold prices had touched $3,245.77 , a new all-time high, during Monday's session.
The gold price corrected the overbought condition and has now resumed its rise.
Gold prices slipped from record highs hit during the session on Monday, mainly due to investors' relief after the White House included key electronics like smartphones and computers in the exemption list. In addition, U.S. President Donald Trump hinted at a possible brief tariff exemption for imported cars and parts.
Another factor supporting gold comes from the US dollar, with the Dollar Index (DXY) at near three-year lows. $XAU/USD(XAUUSD.FOREX)$
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