The chart of gold tells the story. It’s a slow-motion loss of confidence from Inauguration Day until Liberation Day. Afterwards, it’s a fast-motion loss of confidence.

There was some selling on Friday, perhaps in the hopes of a weekend trade deal with Japan, but there were dip buyers in a $50 fall on Friday and some recovery then followed by a $41 rally today that’s being bid aggressively at the moment.

Last at $3368.

This article was written by Adam Button at www.forexlive.com.