Yes, the traditional view is that inflation (so, a strong US dollar) and the price of gold are inversely correlated, as gold is a non-yielding asset. That's why the POG dropped so suddenly after Trump was declared the winner.
Because his tariffs, if implemented, will be inflationary for the US market, so making gold less attractive and US stocks more attractive:
Or, he could just use them as a threat / bargaining tool, or for just specific goods rather than across the board. Lots of pieces on the internets about his win and the potential effect on the POG, if you want to go and have a read.
SPR Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
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