The price of gold can decline due to several potential effects of Trump's tariffs: Stronger U.S. Dollar – Tariffs often lead to economic uncertainty, but they can also boost the U.S. dollar. Since gold is priced in dollars, a stronger dollar makes gold more expensive for foreign investors, leading to reduced demand. Higher Interest Rates Expectations – If tariffs lead to inflation concerns, the Federal Reserve might raise interest rates. Higher rates make interest-bearing assets (like bonds) more attractive compared to gold, which doesn’t yield interest. Economic Growth Prospects – Some tariffs can stimulate domestic production and economic growth in the short term, reducing the demand for gold as a safe-haven asset. Reduced Global Demand – Tariffs can slow down global trade and economic growth, impacting major gold-consuming nations like China and India, leading to weaker demand for gold. Would you like insights on how this trend might continue or change? #tariffs #GoldAnalysis #XAUUSD #ForexTrading #trumptariffs