Gold climbed to a fresh record high above $3,245 on Friday, as traders digested a week of significant volatility.
The move coincided with the Dollar index falling to its lowest level since April 2022, as Trump’s tariff war with China escalated.
Despite issuing a 90-day pause on tariffs for the European Union, Japan, the United Kingdom, and other parties, Trump increased China’s levy to 145%.
Beijing responded for the second time this week, spooking markets on the prospect of a broader trade war.
Friday’s move in XAUUSD came after a breakout of the $3,150 resistance level, pushing the relative strength index (RSI) to overbought territory.
As of writing, XAUUSD is now trading at $3,229.
作者：Eliman Dambell，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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