Gold Rally Halts Following Exemption From US Tariffs. Forecast as of 08.04.2025

The exemption of gold from US tariffs on America's "Liberation Day" was a cruel joke. Instead of extending its rally, the precious metal lost its main competitive advantage and plunged. Let's discuss this topic and make a trading plan.Major Takeaways The US has removed gold, silver, and copper from the blacklist. The metals collapsed as the arbitrage trade came to an end. The XAUUSD does not have enough strength to continue the bullish trend. Short trades can be opened if gold slides below $2,97