According to Michaël van de Poppe, the anticipated tariffs are expected to be less severe than initially thought, which could decrease market uncertainty. This development may lead to a drop in gold prices as investors shift focus, following the 'buy the rumor, sell the news' strategy. Concurrently, this could positively impact altcoins and Bitcoin, as the market adopts a 'sell the rumor, buy the news' approach. [Source: Michaël van de Poppe Twitter]

According to Michaël van de Poppe, gold is experiencing a rally due to uncertainties surrounding tariffs imposed by the Trump administration. This situation has created a 'Buy the rumor, Sell the News' scenario, which traders might exploit in the short term. The assumption is that these uncertainties could resolve in the coming weeks, potentially impacting gold's price movement. Traders should also consider weakening labor markets as a factor that could influence gold's future trajectory. Source: Michaël van de Poppe via Twitter.