The tariff war impacts gold prices! The price dropped 6% within two days, plummeting by $130 to end the uptrend.
The tariff war has caused a widespread decline in precious metal prices, with gold reaching a peak of $3,167 per ounce on April 3. However, following Trump's announcement to exempt precious metals from tariffs, the price quickly fell, dropping about 6% within two days. Experts point out that investors have shifted their funds towards U.S. Treasury bonds as a safe haven, resulting in decreased interest in gold. Taiwan currently holds approximately 422.7 metric tons of gold, but this represents only 6% of its foreign exchange reserves. The future market trends remain uncertain, and investors need to stay vigilant.