13/10/2025
DAILY FORECAST
Gold is once again hitting historic highs. Risky assets received a boost after Friday's news
On Monday, gold reached a record high of $4070 per ounce as renewed concerns about US-China trade and economic uncertainty stimulated demand for safe-haven assets. On Friday, President Trump threatened to impose additional 100% tariffs on Chinese exports, as well as new export controls on critical software starting on November 1. However, on Sunday, he softened his stance, saying that America wants to help China, not hurt it.
The dollar's decline accelerated on Friday after escalating trade tensions between the US and China, which could negatively affect economic growth, following President Trump's threat of a “massive increase” in tariffs on Chinese goods. But the European currency benefited from this situation. The British pound also benefited from the US dollar's decline on Friday. This week, investors will be watching the latest labor market and GDP figures for August. However, the market is likely to remain cautious as long as financial and global uncertainty dominate sentiment.
https://one.justmarkets.link/a/trcjv08sii
