On reviewing the movements of the on different time pattern chart since the beginning of Trump 2.0, I anticipate that the tilting agenda of the U.S. President Donald Trump, elevated the gold prices first by imposing trade tariffs over the trading partners of US, not only disrupted the global economic equations, not only elevated fear for safe haven but also extended the U.S. fiscal deficit in 2025.
Till last week, commodity markets showed their dependence on the release of the impending Supreme Court’s Judgement on Trump’s trade tariff, postponed first from Jan. 9 to 14, and further postponed without any deadline in the near future.
Undoubtedly, gold bugs were left with extremely surged anxiety, resulting in a record peak tested by the gold futures on Dec. 29, 2025, at $4,557.34; followed by three fresh record peaks – on Jan.12, 2026, at $4,640.41, Jan.13th at $4,644.64, and Jan.14th at $4,650.68.
The gold futures, still teetering near these peaks, despite extensive selling pressure, closed last Friday at $4,595.40 after testing the day’s high at $4,625.40 and a low at $4,539.10.
Now, Trump’s agenda seems to be inclined towards forceful invasion of the oil-rich nations, like did on Jan. 2, 2026, in Venezuela before threatening Iran, and heading towards capturing Greenland.
President Donald Trump on Saturday appeared to change tack over Greenland by vowing to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland.
Trump has repeatedly insisted he will settle for nothing less than ownership of Greenland, an autonomous territory of Denmark. Leaders of both Denmark and Greenland have insisted the island is not for sale and does not want to be part of the United States.
Undoubtedly, any military action by the U.S. against Denmark’s vast Arctic Island would damage NATO and legitimize the invasion of Ukraine by Russia.
Moreover, Trump’s changing diplomacy seems to attain an extreme level, as on Saturday, Bloomberg News reported that the Trump administration wants nations to pay $1 billion to stay on his peace board, citing a draft charter.
U.S. President Donald Trump would serve as its inaugural chairman, and each member state shall serve a term of no more than three years from this charter’s entry into force, subject to renewal by the chairman, the report said.
However, Reuters could not immediately verify the report, while the White House called the report “misleading” and said there is no minimum membership fee to join the “Board of Peace.”
Undoubtedly, Trump’s actions every day elevate the anxiety level of the investors, which used to have meaning when he took office in January last year. Gold futures started to ramp up and have seen a surge of 156.91% since Nov. 2023, when Mr. Donald Trump won the US presidential elections.
Fundamentally, Trump’s diplomatic moves have dented not only the global economy but also the U.S. economy. And, he is trying to influence the US Federal Reserve and the judiciary, which is evident in the delayed impending Supreme Court’s judgement, as this could generate a constitutional anomaly if it Favors Trump’s use of International Economic Powers without any approval from Congress which will show weakening US Congress and if it favors Trump’s action on trade tariff will push the US President more prone to dictatorship.
In conclusion, I find that if the gold futures try to cross the last week’s tested peak at $4,650.50, it could trigger a selling spree that could push the futures down to approximately 10 to 12% from the peak levels, where a single-day fall of approximately 6.5% could reappear as seen on Oct. 20, 2025.
Disclaimer: Readers are advised to take any position in gold at their risk, as this analysis is based only on observations.
