💥 Last night, just as everyone was about to sleep, Trump announced he would not impose a 10% tariff on the EU, and peace continued to prevail, causing gold and silver to rally!

— When Trump threatened a 10% tariff on 8 European countries over the Greenland issue, gold and silver hit historic highs due to safe-haven flows.

— After the tariff cancellation announcement, gold and silver prices quickly adjusted by about 1–2% intraday according to futures/spot data.

— Tariffs are seen as a major risk to growth and supply chains, so investors previously bought gold/silver for hedging.

— When this risk temporarily subsides, growth expectations – real yields – increase, raising the opportunity cost of holding gold/silver and triggering profit-taking on long positions that have gained significantly.

😁 Young pilot TRUMP is driving the global prices too aggressively