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Home Market Research Business

Gold tumbles in ‘buy the rumor, sell the news’ profit-taking following Trump tariffs

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
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Gold tumbles in ‘buy the rumor, sell the news’ profit-taking following Trump tariffs
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Apr. 03, 2025 1:17 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editor

monsitj/iStock via Getty Images

Gold futures trade lower Thursday but have moved off session lows, despite the general risk-off sentiment in the broader investment market triggered by President Trump’s tariff announcement that initially sparked gains to new record highs of ~$3,170/oz overnight.

Traders attributed



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Tags: BuyGoldNewsprofittakingRumorSellTariffsTrumptumbles
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