USD strengthens as US imposes tariffs on gold imports, Asia FX pressured

The US dollar index gained 0.4% in Asian trading following the announcement of new tariffs on strategic gold bar imports, pressuring regional currencies and commodity-linked pairs. The surprise trade measure sparked risk-off sentiment, with AUD/USD dropping 0.6% to 0.6520 and NZD/USD falling 0.5% to 0.5885 as commodity currencies weakened. USD/JPY advanced 0.3% to 150.25 as the dollar benefited from safe-haven flows despite gold's traditional haven status. The tariff announcement particularly impacted Asian exporters, with USD/CNH rising 0.4% above 7.2800. Gold prices initially spiked 1.2% before paring gains as traders assessed the implications for global trade flows. Technical indicators suggest further USD strength, with the DXY approaching resistance at 106.50. The move adds another layer of uncertainty to global markets already concerned about trade tensions, potentially supporting continued dollar strength against risk-sensitive currencies in the near term.