The tariffs imposed by Donald Trump on Greenland and the EU’s idea of retaliation continue to be the focus of the market today.
However, there have been calls for the EU and Greenland not to retaliate, but instead to negotiate with the United States over Greenland in order to avoid a renewed escalation of a trade conflict.
As for the EU, the bloc had plans to use its so-called trade “Bazooka” weapon in response. However, this remains only at the planning stage.
Therefore, in the face of strong pressure from the United States, it is likely that the EU and Greenland will choose negotiation without any retaliatory measures. The market is unlikely to experience strong volatility from this news.
Gold prices remain firmly anchored above the 4,660 USD/ounce level and are unlikely to retreat unless there are unexpected shifts in inflation and interest rates.
At this time, we should mainly look for Buy opportunities in gold as the primary trend and limit Sell positions.
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