Another week, another record high for gold prices. Gold is rising because of fear of tariffs and escalating trade tensions between the U.S. and China, and just about anybody.
Gold and silver will rise and/or remain firm after Trump says that he will introduce a new 25% tariff on all steel and aluminum imported to the USA, on top of existing metals duties.
With gold forging deeper into record territory, the miners about to report their best quarter ever, and GDX nearing a dozen-year secular breakout, gold-stock psychology will increasingly shift bullish.
