Trade Bazooka Threatens Global Economy: Gold Prices to Skyrocket, Then Collapse?

• A 'Trade Bazooka' (Anti-Coercion Instrument) from the EU is set to impact global trade, potentially leading to economic turmoil.
• The EU, frustrated by US President Trump's threats, plans to deploy this instrument against the US, imposing tariffs and trade restrictions.
• Economic uncertainty from this deployment and Trump's actions is driving investors to gold as a safe haven, pushing prices up.
• Gold prices, currently at Rs. 1,65,170 per 10 grams for 24-carat, could cross Rs. 2 lakhs, leading to a massive correction and sell-off.
• Analysts predict people will sell gold near the Rs. 2 lakh mark to profit before an anticipated price collapse, affecting India and globally.

Why It Matters: Global trade tensions and economic uncertainty could cause gold prices to surge, then dramatically fall.