Gold slips 4% from a record, but still S&P 500. Time to buy? – TradingView News

The precious metal has returned 40% in the past twelve months, while the S&P 500 has increased less than 16%. What's going on?

❗ Gold prices fall

• Gold prices Xauusd were under pressure on Monday morning when dealers and investors were busy switching to the sub -performance. The yellow metal hovered around 2,860 US dollars per ounce and had dropped by about $ 100 or 4%after its record high at the end of February.
• Perhaps the knowledge has hit – gold devoured shares last year. Gold has a profit of 40% in the past twelve months, while the S&P 500 has risen by about 16% in the same period.

💸 Gold and tariff

• Gold has lost its shine elsewhere despite the prospects of higher tariffs. Canada and Mexico want to pay 25% taxes for their imports to the USA this week, and China is already being taken into action with a further 10% over the 10%.
• Could it be that golden insects are afraid that tariffs will soon come for their shiny things? Trump didn't say anything in this direction, but that doesn't mean gold is safe.

🧐 Trump Eyes Fort Knox

• The US President and his “special employee”, Elon Musk, said at the end of February that they would like to visit Fort Knox-the place where the largest gold reserves in the United States. “We will go to Fort Knox, the legendary Fort Knox, to ensure that the gold is there. He added: “If the gold is not there, we will be very upset.”
• The United States owns around 8,100 tons of gold worth around 770 billion US dollars. The prices of gold will probably remain volatile until Trump and Musk find out how to approach the yellow goods.