LimitMarkets

A three-week gain for gold investors

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold eased on Friday after surging on Trump's announcement they will impose new and possibly increase the already imposed tariffs on all Chinese imports. China responded they will have to take necessary countermeasures without elaborating which ones. RSI surged form the oversold to overbought bound as markets reacted on the latest fundamentals. Both sides confirmed they will still hold talks in September. Adding to the global uncertainty, North Korea fired additional two missiles Friday for the third time in a week. Investors will seek protection in haven bullion, supporting further prices to 1450 levels.

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