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So with all of that being said, it’ll be interesting to see how this plays out. Reciprocal tariffs are, is a phrase that you should probably get used to, where the United States just simply matches the tariffs of other countries around the world and evens everything out. If that ends up being the case, that’s going to be chaotic for a lot of different economies, and that of course will have non-Americans buying a lot of gold.
So that’s part of what you’re seeing here. Plus, you’re seeing the repatriation of a lot of gold from London, Zurich, Tokyo into New York. Not sure what that’s about, but there have been numerous stories of massive flights of gold coming back to New York. So with that being said, something’s going on, but they all add up to one thing, and that’s gold going higher.
For a look at all of today’s economic events, check out our economic calendar.
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