Gold prices surged for a sixth-week with XAU/USD hitting fresh record highs. Battle lines drawn on the weekly technical chart as the Trump tariffs stoke trade war fears.
The tariff topic continues to dominate and after last week’s open following Trump comments on tariffs, traders should be on guard for more volatility into next week.
Gold buyers may now be turning their eyes upward for a retest of the record highs near $2790 in the coming days, if not a breakout to $2800+.
