The recent chatters surrounding the US-China strain due to the US-Taiwan ties also challenge the Gold buyers, due to the dragon nation’s status as one of the world’s biggest XAU/USD consumers. That said, the US blacklisting of Chinese companies and Beijing’s dislike of a meeting between the White House Speak and the Taiwan President can be considered the key news on that matter. On the same line, Bloomberg said that Taiwanese officials are pushing hard for an agreement to eliminate the burden of double taxation, like the US has with dozens of countries. The same could fury China and allow the Gold sellers to keep the reins.
On the other hand, nuclear threats from Russia and North Korea are also challenging the sentiment and the XAU/USD price.
Meanwhile, optimism surrounding the technology and banking sector allows the Gold price to fight back the bears.
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