Sooly on Nostr: Gold, CAD, and the Tariff Wildcard – Canada’s Trade Balance Preview TUESDAY, MAY ...
Gold, CAD, and the Tariff Wildcard – Canada’s Trade Balance Preview
TUESDAY, MAY 6 – Canada Trade Balance
Deficit expected to deepen: -C$1.7B vs -C$1.52B prior
Implications:
Weaker #CAD = Stronger USD → short-term #gold pressure
But #Canada exports pure gold (24K at $154.75/g), and that resilience matters in a fragmented world.
Don’t forget: Global tariffs + record central bank buying = longer-term gold bullishness.
#Bitcoin echo: #BTC back UP. Both assets are telling the same story: stagflation hedges are back in style.
Published at
2025-05-05 14:00:53Event JSON
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