Dollar Index hits 99.00 after 15% EU tariffs - here's what gold traders need to know

The Dollar Index just strutted past 99.00 like it owns the place, thanks to a shiny new U.S.-EU trade deal that slaps 15% tariffs on European goods. For four straight sessions, the greenback has been flexing harder than a gym influencer, leaving other currencies wondering what happened to their summer gains.

This dollar dominance is creating quite the identity crisis for gold, which spent most of July playing the hero while the DXY was taking a breather below 98.00. Back then, gold climbed over 1% as investors clutched their precious metals like security blankets, worried about trade chaos an...