Gold Hits a Crucial Crossroad: Will the EU-US Trade Stalemate Ignite a Bull Run or Trigger a Collapse?
As the August 1 tariff deadline looms, prospects of a deal between the European Union (EU) and the United States (US) are fading. As a result, XAU/USD has recovered with the price hovering near $3,400 at the time of writing.
EU-US trade tensions rise, lifting demand for Gold
Ongoing talks between the EU and the US have failed to make any meaningful progress over recent weeks. US President Donald Trump has threatened to impose a 30% tariff on most goods imported from members of the EU bloc in an effort to reduce the current trade deficit.
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