Trump weighs down the dollar as gold nears its all-time high
The softening of Donald Trump’s threats on customs duties, which he would “prefer” not to impose on China, caused the dollar to fall on Friday, while gold, a safe haven, rode this climate of uncertainty.
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“We have a very big power over China, it’s tariffs, and they don’t want it, and I would prefer not to have to use it,” the American president said on Fox News Thursday evening.
This unexpected announcement penalizes the greenback against the other…
