Oil has been on the decline for a months which is a leading economic indicator. Gold always tracks oil. Gold will fall to around $2500 usd if oil reaches $50 usd and $1700 usd if oil reaches $40 usd.
If you look at historical gold and oil prices you will see an similar correlation to the price movement.
Oil is an inflation hedge but also a leading economic indicator. Tariffs initially made oil rise but now its on the decline because the fundamentals are not there
