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Gold Stands Steady Over $3,000 in Face of Trump’s Secondary Tariffs and Nerves in Markets

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  • March 25, 2025
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Gold is standing firm over the $3,000 level amid markets processing U.S. President Donald Trump’s recently implemented secondary tariffs against countries importing Venezuelan oil. While reciprocals are being relaxed for countries reshoring manufacturing, fresh tariffs on autos, aluminum, and pharmaceuticals are imminent, further driving market uncertainty. Gold-backed ETFs are drawing growing interest, reflecting robust demand for bullion. At the same time, Trump’s import tariffs on Chinese-built ships are causing unease in the US agricultural industry. Gold is technically under resistance at $3,046, with the level of support at $2,997, so the $3,000 level is an essential barrier to holding its upward momentum. KEY LOOKOUTS • The $3,000 level continues to be a vital support level; below that may see further selling pressure. • Markets are observing closely the implications of Trump’s 25% secondary tariffs on those who import Venezuelan oil, notably China and India. • Rising demand for gold-backed ETFs shows increasing investor bullishness towards bullion, which could underpin higher prices. • Impending tariffs on autos, aluminum, and pharmaceuticals could generate additional market volatility and affect global trade flows. Gold prices are still in the spotlight as markets weigh the implications of U.S. President Donald Trump’s secondary tariffs against nations that are buying Venezuelan oil, including India and China. As gold remains above the pivotal $3,000 level of support, investors are anticipating signs of a breakout or further selling pressure. The increase in bullion-backed ETF inflows is an indicator of growing demand that may sustain higher prices. Meanwhile, Trump’s plan to impose new tariffs on cars, aluminum, and pharmaceuticals adds to market uncertainty, potentially influencing broader commodity trends and global trade relations. Gold remains above the significant $3,000 level as markets respond to Trump’s follow-on tariffs against nations purchasing Venezuelan oil. Growth in demand for gold-backed ETFs indicates investor demand, but the imposition of tariffs on main sectors in the future contributes further to global trade uncertainty. Speculators are eyeing a breakdown or fresh selling pressure in the next few days. • Residing above this level is central to maintaining positive momentum. • Markets are weighing the effect of fresh 25% tariffs on nations purchasing Venezuelan oil. • More investment in bullion-backed ETFs indicates increased faith in gold. • Traders are looking for a break above resistance at $3,046 or a fall below support at $2,997. • Fresh tariffs on automobiles, aluminum, and drugs might fuel further market instability. • More tariffs on Chinese-built ships might hinder U.S. agriculture exports. • The next significant resistance level is still a primary target for bullish momentum. Gold is still in the limelight as markets respond to U.S. President Donald Trump’s recent economic policies, especially the imposition of secondary tariffs. The tariffs, imposed on nations that continue to buy oil from Venezuela, are likely to affect large economies such as China and India. The action marks a transition from tit-for-tat tariffs to a more strategic one designed to apply economic pressure without explicit trade confrontation. Trump has also suggested additional tariffs on automobiles, aluminum, and drugs, further clouding global markets. The policy change could have far-reaching implications for international trade and investment flows, shaping market sentiment towards safe-haven assets such as gold. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Investor sentiment in gold is evident through the rising inflows into bullion-backed exchange-traded funds (ETFs), indicating firm demand for the commodity. As geopolitical tensions continue to increase and trade restrictions undergo a transformation, investors are finding refuge in gold as a hedge against economic volatility. Mergers and acquisitions within the gold mining industry are also receiving more focus, such as Gold Fields’ $3.3 billion offer for Gold Road Resources. While central banks and institutional investors watch these trends, the long-term role for gold as a safe-haven store of value continues unabated in the midst of changing global policy and market forces. TECHNICAL ANALYSIS Gold is consolidating above the critical $3,000 support level, with the focus on resistance levels for a breakout. The near-term resistance is at $3,028, then a firmer barrier at $3,046, close to last week’s highs. If gold breaks above this level, it may retest its all-time high of $3,057. On the downside, support at $2,997 is pivotal, and a break below this level may invite further selling pressure. The absence of robust support below $3,000 creates fear of downside risks, so this level becomes a battleground for traders. With tariff news driving market volatility, gold price action is likely to remain active in the near term. FORECAST The bullish trend in gold is intact as long as it remains above the key $3,000 level. If the buying pressure persists, a break above $3,046 could set the stage for a retest of the all-time high at $3,057. Persistent buying from gold-backed ETFs and rising geopolitical tensions, especially from U.S. trade policies, may add support for further gains. In case gold crosses its current high, the next possible resistance zone may be seen around $3,075–$3,100, thanks to robust investor sentiment and safe-haven buying. On the flip side, gold is exposed to breaking below the $3,000 psychological support level, which may induce further selling pressure. If prices fall to below $2,997, the next level of support stands at $2,984, at which point buyers might try to shore up the market. Further decline would bring a possible move to $2,950, particularly if investor optimism falters from further relief on trade tensions or more robust U.S. economic indicators. Lacking solid support points under $3,000, any sudden plunge could fuel losses in the near term.

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Commodities Gold

Gold Stays Steady Above $3,000 Due to Tariff Uncertainty: Markets Wait to See Trump’s Hand

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  • March 24, 2025
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Gold prices stay firm at just above $3,000, firming at around $3,020 after a recent decline, as markets wait warily for the April 2 deadline for new U.S. tariffs in the Trump administration. Cues that there might be a switch from tariffs in general to specific sector-specific tariffs have caused relief as fears of a sweeping trade war abated. But underlying concerns remain, keeping pressure on gold. Also, activity in the gold sector, such as Gold Fields’ rejected bid for Gold Road Resources and Zijin Mining’s solid profit growth, reflects continued strength and investor appetite for bullion, fueled by economic uncertainties, tariff tensions, and rising central bank and ETF demand. Technical analysis shows significant support at $3,000, with traders keenly observing for any new developments that might push gold to new highs or induce further losses. KEY LOOKOUTS                                                 • Traders need to watch closely for any official word from the Trump administration on the scope and intensity of the proposed tariffs, as a change from broad to targeted tariffs could have a big impact on gold prices. • The near-term support at the psychological $3,000 figure is essential. Any prolonged break below this figure might spur further downside pressure, targeting next supports at $2,998 (S1) and possibly $2,975 (S2). • Monitor sector-specific news, including Gold Fields’ bid efforts and Zijin Mining’s strong earnings, that gauge overall market sentiment towards gold and might spur total bullish or bearish momentum. • Ongoing central bank buying activity and rising inflows into Gold ETFs will continue to be key gauges of underlying investor sentiment, which could propel longer-term bullion price trends in the face of geopolitical uncertainty. Investors are monitoring events surrounding the April 2 tariff deadline closely, as President Trump’s move to potentially abandon broad tariffs in favor of targeted, sector-specific actions has the potential to greatly impact market sentiment and gold price action. Technically, the key $3,000 support is still in focus, and any break of this level would be expected to increase downward pressure towards lower levels of support. Furthermore, recent corporate news, including Gold Fields’ failed takeover offer for Gold Road Resources and Zijin Mining’s record profits, underlines ongoing strength and investor appetite for the gold sector. Demand patterns from central banks and ETF inflows are also key barometers that investors will closely watch for evidence of ongoing bullish momentum or rising frailties in the gold market. Gold holds firm above $3,000, waiting for more detail about future U.S. tariffs that have a deadline of April 2. Investors watch closely for Trump’s next steps, company sector activity, and ETF demand to determine future price direction with ongoing market uncertainty. • Gold prices stabilize above $3,000 following recent volatility, now at around $3,020. • Markets look to the April 2 deadline for possible new U.S. tariffs, key to short-term gold action. • Trump administration weighs targeted tariffs rather than sweeping, broad-based action, calming some market fears. • $3,000 is still key technical support; a break below this level may set off further declines. • Gold Fields’ spurned bid for Gold Road Resources indicates continued consolidation in the gold industry. • Chinese mining group Zijin Mining reports record profits fueled by surging gold and copper prices, indicating optimistic investor sentiment. • Growing gold ETF and central bank investments continue to provide support for long-term bullion price support. Gold prices are flat around the critical level of $3,000 awaiting the impending tariff announcement by United States President Donald Trump, planned for April 2. Hints that it would switch to selective tariffs impacting particular industries or areas have allayed a degree of anxiety on the market while uncertainty remains present. Market players are more alert to the prospects of the adjustments in tariffs given that they hold the potential to greatly alter the dynamics of world trade as well as the performance of economies. XAU/USD Daily Price Chart Chart Source: TradingView Additionally, corporate activity within the gold sector indicates ongoing investor confidence and consolidation. Gold Fields recently proposed an acquisition of Australia’s Gold Road Resources, which was subsequently rejected, signaling strategic moves among key players in the industry. At the same time, China’s Zijin Mining posted record profits driven by greater world demand for gold and copper, echoing more general bullish sentiment toward precious metals in response to increased geopolitical tensions and economic uncertainties. Central banks and gold ETF investment also remain steady backers, further solidifying gold’s status as a safe-haven asset amidst unpredictable times. TECHNICAL ANALYSIS Gold is stabilizing right now just above the critical support level at $3,000, with the near-term pivot point at $3,023 serving as a short-term guideline for investors. The key resistance is at $3,046, and the all-time high at $3,057 may come into play if bulls reemerge. On the negative side, the $3,000 psychological level is still a key level; a break below that would trigger further selling pressure, with next support levels at $2,998 and $2,975. Market participants should watch these important technical levels closely, as they will most likely determine gold’s short-term price direction in the face of changing tariff news and market developments. FORECAST If President Trump’s government chooses to introduce more cautious, sector-level tariffs or otherwise indicates further weakening of trade policy before the deadline of April 2, then gold prices would likely see revived upward momentum. Also, renewed central bank demand and rising flows into Gold ETFs would sustain bullish sentiment that could push the prices back up to recent peaks of around $3,057. But if tariff tensions grow or uncertainty picks up, markets could witness growing selling pressure in gold, and prices could test critical psychological support levels around $3,000. A clean break below this crucial level, fueled by fresh doubts over broader economic ramifications or adverse corporate news, could prolong the downside, and prices could be pushed into lower support levels of around $2,975.

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Commodities Gold

Gold Soars to Record High on Middle East Tensions and Global Geopolitical Uncertainty

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  • March 18, 2025
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Gold reached a new all-time high of $3,028 as rising geopolitical tensions spark a demand for safe-haven assets. The increase comes after Israel pounded Gaza with airstrikes that signal the breakdown of a ceasefire agreement, stimulating concerns of wider regional war and retaliation by militant factions. Also, world markets are in suspense before a high-stakes telephone conversation between U.S. President Donald Trump and Russian President Vladimir Putin, with fears of sidelining Ukraine from peace negotiations. Soft U.S. economic data, upcoming Federal Reserve actions, and Germany’s anticipated defense spending increase further add to bullish momentum in gold, as investors look to higher levels with increasing uncertainty. KEY LOOKOUTS • Israeli attacks on Gaza bringing an end to the ceasefire agreement have increased market anxiety, prompting investors to seek refuge in safe-haven investments such as gold. • The imminent telephone conversation between U.S. President Trump and Russian President Putin has the potential to change global geopolitics, guiding gold’s future direction. • Weak U.S. retail sales and anticipated Federal Reserve interest rate stability are enhancing gold’s safe-haven status. • Gold has crossed major resistance levels with traders now looking to $3,030 as the next target and $3,200 as a possible medium-term milestone. Gold traders are factoring in the rising geopolitical tensions in the Middle East, specifically the consequences of Israeli attacks on Gaza and possible retaliatory measures that would boost further safe-haven demand. Market players are also keenly observing the result of the expected Trump-Putin phone conversation, which can have a sizeable impact on global risk appetite and investor sentiment. Moreover, Germany’s referendum on a large defense budget and the Federal Reserve’s policy direction in the next meeting are pivotal drivers of gold’s movement. Gold traders need to keep an eye out for increasing geopolitical tensions, particularly following the Israeli attacks on Gaza and Trump-Putin’s upcoming phone call. Attention is also focused on Germany’s defense budget vote and on the Fed policy stance, as both have the potential to continue fueling the trend. Major technical levels at $3,020–$3,030 are still pivotal for short-term direction. • Gold records a new all-time high of $3,028 as geopolitical tensions increase and safe-haven buying. • Israeli attacks on Gaza signal the collapse of the ceasefire, threatening wider regional war. • Investors turn to gold as a safe-haven commodity in times of global uncertainty and economic anxiety. • Trump-Putin telephone call hangs over the horizon, threatening to reshape the geopolitical landscape and affect gold prices. • German parliament to approve a $49 billion defense budget, which could give further impetus to the gold rally. • Weakening U.S. retail sales and dovish Fed policy lean favor rate cut expectations, underpinning gold demand. • Technical breakout still in play, with near-term resistance at key levels of $3,020 and $3,030 and support at $3,014/$3,007. Gold has again asserted its strength as a sound safe-haven instrument, hitting an all-time record in the backdrop of rising worldwide tensions. The recent Israeli bombardment of Gaza, marking the end of the ceasefire, has heightened concerns of a wider regional war, causing investors to flock to precious metals. The demand for gold in this instance mirrors increasing nervousness in international markets, where geopolitical tensions tend to push investors toward safer assets. As tensions in the Middle East escalate, gold remains in the spotlight as a value store in times of uncertainty. XAU/USD Daily Price Chart Chart Source: TradingView Joining the overall tension is a much-awaited phone call between U.S. President Donald Trump and Russian President Vladimir Putin which is of particular interest. Given that the conversation is set to be around the Ukrainian war, markets are preparing for any significant geopolitical change. In addition, Germany’s impending vote on a large defense spending bill is a sign of a larger trend of heightened military emphasis among world powers. Combined with soft U.S. economic data and uncertainty regarding future policy direction, these events are supporting gold’s status as a premier asset during periods of global uncertainty. TECHNICAL ANALYSIS Gold has exhibited healthy bullish momentum by overcoming prior resistance areas and posting a fresh all-time high. The rally shows sustained investor belief, with price action recording higher highs consistently. Experts indicate psychological levels of $3,020 and $3,030 can be important zones for the short term, while earlier resistance becomes support. As key institutions start to forecast targets around $3,200, sentiment is still bullish; however, traders should be careful of reversals, as overbought rallies tend to attract profit-taking and corrective action. FORECAST Gold remains strong in bullish motion. The precious metal is highly situated to rise further, particularly if turmoil in the Middle East intensifies or world powers are unable to achieve diplomatic solutions. Moreover, hopes of Federal Reserve rate cuts and higher defense spending by major economies may continue to drive investor appetite for gold as a safe-haven asset. Most analysts now believe that gold can test higher levels, with estimates looking toward the $3,100–$3,200 level in the medium term, driven by persistent market interest and supportive macroeconomic conditions. Even with the current rally, gold is not exempt from corrections. If geopolitical tensions subside or diplomatic developments occur—e.g., a fruitful Trump-Putin deal or a fresh Middle East ceasefire—investor psychology may move away from safe-haven assets. And if stronger-than-anticipated U.S. economic data comes out soon or the Federal Reserve hints at a more aggressive posture, gold may come under pressure. An abrupt shift in market positioning or profit-taking at higher levels can also induce short-term pullbacks, moving prices toward significant support areas and temporarily tempering the bullish trend.

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Commodities Gold

Gold’s Historic Leap Above $3,000: Market Responses, Geopolitical Uncertainty, and Prospects Ahead

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  • March 15, 2025
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Gold prices leapt above the historic $3,000 level to an all-time high of $3,004 per ounce before retreating to $2,982 due to US Dollar fluctuations and uncertainty regarding President Donald Trump’s trade agenda. The price rally was propelled by geopolitical uncertainties, such as the weakening Russia-Ukraine ceasefire and China’s ongoing gold buildup, which drove demand for the safe-haven metal. At the same time, fears of US recession intensified in the wake of soft consumer sentiment readings, fueling speculation about further easing of Federal Reserve policy in 2025. Despite the retreat, technical analysts foresee another attempt to drive prices higher to test resistance levels with support at $2,950 and resistance at $3,050 and $3,100 being key. KEY LOOKOUTS • Having briefly breached $3,000, gold bounces off $3,050 while support at $2,950 is still the key to knowing what will happen next. • Russia-Ukraine ceasefire uncertainty and China’s continuing gold purchases would potentially affect bullion demand and price movements. • Subdued consumer confidence and increasing recession worries boost hopes for Federal Reserve rate reductions, affecting the long-term outlook of gold. • Trump’s tariffs on steel and aluminum can stoke inflation fears, impacting the US Dollar and pushing gold prices up as a safe-haven. Gold’s recent rally above $3,000 underscores the increasing influence of geopolitical tensions, economic uncertainty, and changing monetary policies on the demand for the precious metal. The Russia-Ukraine ceasefire is still tenuous, while China’s ongoing gold hoarding underpins bullish sentiment. At the same time, US recession concerns have grown amid weak consumer sentiment numbers, increasing expectations of possible Federal Reserve rate reductions in 2025. Also, President Trump’s steel and aluminum tariffs have fueled inflationary fears, diminishing the US Dollar and further supporting gold as a safe-haven asset. While traders closely follow future economic data and Fed moves, gold’s capacity to hold onto its all-time highs will hinge on changing market dynamics. Gold’s historical rally above $3,000 is a response to increasing geopolitical risks, economic uncertainty, and inflation threats. Negative US consumer sentiment and expectations of Fed rate cuts drive bullish pressures, while Trump’s tariffs impose stress on the US Dollar, enhancing gold’s safe-haven appeal. • Gold momentarily peaked at a new all-time high of $3,004 per ounce before receding to $2,982 due to market volatility. • Failing Russia-Ukraine truce and persistent China gold buildup stimulate safe-haven demand for bullion. • Dovish consumer sentiment information heightens prospects of economic slow-down, sparking Federal Reserve interest rate reduction anticipations for 2025. • New import tariffs on aluminum and steel set off inflation concern, drenching the US Dollar while perpetuating bull-run in gold. • Soft Greenback spurs gold prices upward, though Treasuries market yield shifts as well as expected inflation provide variability. • Gold is resisted at $3,050 and $3,100, with very strong support at $2,950, followed by $2,900 and $2,850. • Investors look forward to next week’s Federal Reserve policy meeting for additional hints at interest rates and economic forecasts. Gold’s recent record of breaching $3,000 an ounce underscores growing global demand for safe-haven assets in light of increasing geopolitical and economic uncertainty. The ongoing Russia-Ukraine conflict, despite ceasefire efforts, remains a major factor influencing investor sentiment. Meanwhile, China’s central bank continues to expand its gold reserves, signaling strong institutional demand. The combination of these geopolitical risks and global market instability has further reinforced gold’s position as a preferred store of value. Furthermore, trade tensions, specifically US President Donald Trump’s tariffs on steel and aluminum, have stoked inflation fears, rendering gold a sought-after hedge against economic uncertainty. XAU/USD Daily Price Chart Chart Source: TradingView Apart from geopolitics and trade policies, the US economy is also at the center of influencing gold’s demand. A sudden drop in consumer confidence, fueled by fears of economic slowdown, has increased speculation that the Federal Reserve could relax monetary policy in 2025. The potential for lower interest rates and a weakening US Dollar enhances gold’s attractiveness as an alternative asset. Investors are eagerly awaiting future economic releases, such as retail sales and housing market reports, for additional clues regarding the health of the US economy. While uncertainty lingers, gold continues to be the focal point of investor attention, mirroring general anxiety regarding inflation, economic stability, and worldwide financial trends. TECHNICAL ANALYSIS Gold’s technical picture indicates a phase of consolidation following a brief move above the $3,000 mark. The metal encountered resistance around $3,004 before retreating, signaling profit-taking and a temporary respite in bullish pressure. The important support is around $2,950, which if broken, can send prices lower to $2,900 and $2,850. On the other side, a consistent rally above $3,000 can put the fence open for another test of $3,050 and maybe $3,100. Traders are in wait-and-see mode regarding the Federal Reserve’s monetary policy decision, with expectations of interest rates influencing gold’s next move. FORECAST Gold’s upswing is in place as geopolitics, rising inflation expectations, and possible Federal Reserve rate reductions underpin prices higher. Gold can trigger yet another push upward to the next resistance levels at $3,050 and $3,100 if it stays above $3,000. Ongoing central bank purchases, especially from China, and weakening US Dollar may underpin additional support for the rally. Moreover, any increase in geopolitical tensions or dovishness from the Fed can fuel safe-haven demand, supporting gold’s long-term uptrend. Gold has good fundamentals but is exposed to downside risks if profit-taking becomes more aggressive or the US Dollar rallies unexpectedly. A fall below the critical support level of $2,950 can trigger a deeper correction towards $2,900 and $2,850. If economic reports, including retail sales or housing data, beat expectations, they may decrease the chances of aggressive Fed rate cuts, capping gold’s gains. Additionally, if inflation continues to be contained and risk appetite grows, investors will turn their attention to other assets or equities and temporarily put pressure on gold prices.

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Commodities Gold

Gold Price Reaches Two-Week High as Trade Tensions, Fed Rate Cut Speculation Continue to Fuel Bullishness

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  • March 13, 2025
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Gold prices have continued to push higher, touching a two-week high as trade tensions, expectations of a Fed rate cut, and a lower US Dollar drive strong support. Concerns that the economic costs of President Trump’s tariffs on steel and aluminum imports would prompt the EU and Canada to respond with their own measures have fuelled demand for safe-haven assets such as gold. In addition, hopes for multiple rate cuts this year by the Federal Reserve amid a slowing labor market and decreasing inflation have only added to gold’s allure. With the US Dollar close to multi-month lows, technical considerations indicate that gold could go higher, potentially into its all-time high of $2,956. KEY LOOKOUTS • Concerns about increasing US President Trump tariffs and heightened trade tensions against the EU and Canada remain pushing safe-haven demand for gold. • Gold’s attractiveness grows with hopes for several Federal Reserve interest rate reductions this year under diminishing inflation and signs of moderation in the labor market. • A low US Dollar, closer to multi-month lows, contributes to further bullish support for gold, which has made it an even more sought-after asset for alternative assets investors. • Gold’s recent breakout above major resistance levels indicates additional upside potential, with the all-time high of $2,956 within reach if the momentum continues. Gold prices have been trending higher, fueled by fears of rising trade tensions, especially President Trump’s tariffs and retaliatory actions by the EU and Canada. These concerns have prompted investors to seek refuge in gold. Moreover, anticipation of several Federal Reserve rate reductions in the course of this year, driven by the evidence of deceleration in the labor market and decelerating inflation, has supported the attractiveness of gold further. The US Dollar, downgraded to multi-month levels, still supports gold, with it remaining an investor darling. With technical levels pointing toward ongoing momentum, gold is looking to test its record high, which further entrenches the bull case for the metal. Gold prices are rising, boosted by increasing trade tensions and Federal Reserve rate cut hopes. Weakness in the US Dollar is also boosting gold’s attractiveness, bringing it near its all-time high. • Increasing fears surrounding US tariffs and retaliation from the EU and Canada are compelling investors to seek safety in havens such as gold. • Wagers on several Federal Reserve rate reductions this year are supporting gold, as diminishing rates enhance the attractiveness of non-yielding assets. • A battered US Dollar, close to multi-month lows, is also lending support to gold, making it more appealing to investors. • Concerns over possible economic repercussions from trade wars and slowing inflation are still driving demand for gold. • A break above crucial resistance levels, such as $2,928-2,930, indicates additional upside potential, potentially reaching its record high of $2,956. • A lower-than-expected US inflation reading has boosted the rate cut expectations further, supporting gold’s price rally further. • While geopolitical uncertainties increase, gold continues to be a top choice as a hedge against market uncertainty, showing strong upward momentum in the short run. Gold prices have been trending higher on increased concerns about trade tensions, mainly President Trump’s steel and aluminum tariffs on foreign imports and resulting retaliations by the EU and Canada. Such fears of future economic slowdown are prompting investors towards gold, long regarded as a safe-haven investment when markets are uncertain. The growing market volatility from the current trade tensions has further driven demand for gold, as it is seen as a safe store of value amid geopolitical uncertainty. GOLD DAILY PRICE CHART CHART SOURCE: TradingView Besides trade worries, hopes for several Federal Reserve rate cuts throughout the year have also helped to increase gold’s appeal. With signs of a cooling labor market and easing inflation, many market participants are betting that the Federal Reserve will ease monetary policy, which supports non-yielding assets like gold. Meanwhile, a weakening US Dollar continues to provide favorable conditions for gold, as it makes the precious metal more attractive to investors looking for alternatives. Consequently, gold is in a solid uptrend, with investors following developments in the global economy very closely. TECHNICAL ANALYSIS Gold prices have demonstrated strong bullish momentum, overcoming key resistance levels, such as the $2,928-2,930 range, opening the way for additional potential on the upside. The price action suggests gold is ready to test its all-time high of $2,956, with oscillators on the daily chart still firmly in positive ground, indicating room for further extension without touching overbought levels. So long as gold remains above the pivotal $2,930 support level, the outlook is good, and the rising trend can extend towards new highs. FORECAST Gold prices are set to maintain their rising trend, driven by persisting trade tensions and a softening US Dollar. As investor worries regarding the economic effect of tariffs and the risk of slowing down remain, demand for safe-haven gold should be firm. Furthermore, if Federal Reserve rate-cut hopes become a reality, this will add support to gold, taking prices to the all-time high of $2,956. With technical indicators continuing to reflect positive momentum, gold may break resistance levels and experience additional gains in the near future. Conversely, however, if the geopolitical environment stabilizes and trade tensions subside, there may be a gold price pullback as investor interest in safe-haven investments dissipates. A better-than-expected economic recovery or more aggressive Federal Reserve tightening of monetary policy could also blunt the attractiveness of gold. In these situations, gold could come under pressure, dropping back towards support levels near $2,912-$2,900 and potentially even lower in the event of a shift in favorable market conditions toward risk assets.

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Commodities Gold

Gold Glimmers As Dollar Loses Strength: XAU/USD Breaks Over $2,910 Amid Global Market Nervousness

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  • March 11, 2025
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Gold prices rose to an incredible high on Tuesday, pushing up over the vital $2,900 level to test levels at around $2,910 on the back of a weakening US Dollar. A new injection into the Euro in response to the news of an imminent German defense spending agreement unleashed a domino effect, sliding the US Dollar Index and enhancing demand for the safe-haven metal. Simultaneously, global market mood is still susceptible to the escalating tariff tensions between Canada and China. With investors looking to the next Federal Reserve meeting on March 19 and the CME FedWatch Tool indicating a high chance of unchanged rates, Gold remains supported, both technically and fundamentally, as it wipes out early-week losses and gains bullish traction. KEY LOOKOUTS • Gold is trading above $2,910; a break above R1 may drive prices towards $2,933, in line with last week’s highs. • A softer US Dollar, prompted by Euro strength, continues to underpin Gold’s rally, maintaining bullish momentum in the short term. • Markets expect no rate change on March 19, but increasing rate-cut expectations for May may further shape Gold’s price action. • Persistent global tariff tensions and recession concerns add to Gold’s safe-haven allure, keeping investors wary yet hopeful of further gains. Gold are still closely correlated with wider macroeconomic and geopolitical events. The recent breakout over $2,910 emphasizes its potential for higher prices, with sights set on the next level of resistance at $2,933, coinciding with last week’s highs. A declining US Dollar, driven by a strengthening Euro off the back of Germany’s defense spending news, continues to drive bullish momentum in Gold. Further, investors are following the Federal Reserve’s policy meeting on March 19, at which no rate adjustment is anticipated, but the chances of a rate reduction in May are increasing. On the other hand, global trade tensions and fears of recession are boosting Gold as a safe-haven asset. Gold’s increase over $2,910 indicates strong bullish sentiment, with support coming from a depreciating US Dollar and geopolitics. Traders now focus on the March 19 Federal Reserve meeting, while global trade tensions further augment Gold’s safe-haven demand. • Gold prices recover strongly, rising above the $2,910 level and wiping out early-week losses. • Weaker US Dollar propels Gold, fueled by Euro strength following Germany’s defense spending deal headlines. • Technical breakout opportunity arises as Gold approaches resistance at $2,933, last week’s high. • Safe-haven demand increases as global trade tensions escalate and concerns of a possible economic slowdown grow. • CME FedWatch Tool indicates a 95% probability of no rate hike on March 19, but a 47.8% probability of a cut in May. • Support zone remains firm at $2,880–$2,873, keeping Gold technically supported for the time being. • Thai Baht gains from Gold rally, reflecting Thailand’s status as a regional Gold-trading hub amid currency market shifts. Gold remains in the limelight as economic and political changes around the world shape market sentiment. One major driver of Gold’s popularity is the weakening US Dollar, which was under pressure after reports of a possible defense budget agreement in Germany. This move supported the Euro and, in turn, pushed demand for the precious metal higher indirectly. With increasing uncertainties, Gold remains a trusted safe-haven asset, providing investors with a buffer against volatility in conventional markets. XAU/USD Daily Price Chart Chart Source: TradingView Meanwhile, geopolitical tensions are also a dominant theme influencing market sentiment. The growing trade tensions between Canada and China, as well as the fear of wider tariff wars, is spurring caution in global markets. Investors are also monitoring the upcoming Federal Reserve meeting closely, as interest rate announcements can have implications for the overall economic direction. In such a setting, Gold remains steadfast as a safe haven of value, drawing in those looking for stability in the midst of the tempest. TECHNICAL ANALYSIS Gold has regained bullish momentum after taking back the crucial $2,900 level and moving towards $2,910. The metal has also crossed above the daily Pivot Point at $2,895, indicating strength in intraday trading. If purchasing interest remains, the following resistance level to be aware of is around $2,933, which matches last week’s highs. In contrast, support is seen to be strong at $2,880, which has remained in place in recent sessions. If it breaks here, it can potentially open doors towards further support around $2,873 and $2,857, presenting important zones to be watched out for by traders in the short term. FORECAST Gold may continue to rise in the following sessions. Its clear break above the $2,910 level may set the stage towards the next significant resistance near $2,933, which is also last week’s high. Breaking through this zone might reinforce buying confidence and drive Gold towards fresh short-term highs, provided the US Dollar continues to weaken and global tensions persist. Also, increasing hopes of a potential rate cut in the near future could further help Gold’s bullish outlook. Gold could see selling pressure. A fall below the support of $2,880 would lead to a move towards $2,873, and then a more significant correction towards about $2,857. These are crucial checkpoints for the traders, as a break below these levels could indicate a change in short-term momentum. Further, if the geopolitical tensions are alleviated or the Federal Reserve adopts a more hawkish approach in the next meeting, it might cap Gold’s upside and raise downside risks.

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Commodities Gold

Gold Prices Fall Below $2,910 on Increasing US Yields and Firm Job Growth

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  • March 8, 2025
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Gold prices declined below $2,910 as US Treasury yields bounced back after the release of the February Nonfarm Payrolls report, which revealed firm job growth though missing estimates. Federal Reserve officials, including Chair Jerome Powell, reaffirmed that the central bank is not in a hurry to cut interest rates, maintaining monetary policy intact for the time being. Although inflation is still a worry, Powell made it clear that the journey to 2% inflation will be rough. Central banks such as China’s PBoC and Poland’s NBP also continue to build up their gold reserves, giving some support to the metal. But increasing US real yields and declining geopolitical tensions capped gold’s upside potential. KEY LOOKOUTS • A US Treasury yield rebound can continue to put pressure on gold prices, particularly with increasing real yields affecting gold’s attractiveness. • The Fed’s reluctance to cut rates and Powell’s inflation remarks indicate that monetary policy will be tight, capping gold’s potential. • Softening geopolitical tensions, especially in Ukraine and Russia negotiations, may dampen gold’s safe-haven demand and pressure prices. • Continuous gold buying by large central banks such as China and Poland might offer price-supporting underlying fundamentals, counteracting general market pressure. Prices in gold are being pressured downwards by US Treasury yields recovering and real yields increasing, which has been historically inversely affecting gold’s attractiveness. The Federal Reserve remains cautious about rate cuts, with Chairman Jerome Powell emphasizing that achieving 2% inflation will be a “bumpy” process, suggesting that interest rates will stay steady for the time being. Easing geopolitical tensions, particularly in Ukraine and the Middle East, have also reduced the safe-haven demand for gold. But central banks, such as China’s PBoC and Poland’s NBP, keep on taking gold, which should lend some underlying support to the precious metal in spite of overall market difficulties. Gold prices are in pressure because US Treasury yields move higher and the Fed indicates a stable direction for interest rates. Although softening geopolitical tensions lower safe-haven demand, central bank buying, especially by China and Poland, lends some support to gold prices. • Gold drops below $2,910 as US Treasury yields recover, exerting downward pressure on the metal. • The February Nonfarm Payrolls report indicates consistent job growth, with 151K jobs created, though missing expectations. • Federal Reserve officials, including Jerome Powell, indicate no hurry to reduce rates, stressing the necessity of a cautious approach to inflation. • Powell reaffirms that the path to 2% inflation will be “bumpy,” maintaining monetary policy unchanged for the foreseeable future. • Ukraine-Russia progress and US pressure on Hamas lower gold’s safe-haven demand, capping gains for the metal. • The People’s Bank of China (PBoC) and Poland’s National Bank (NBP) have added gold reserves, with Poland purchasing the most since 2019. • US real yields, especially on 10-year TIPS, rise, presenting a headwind to gold prices by lowering its relative attractiveness. Gold prices are under pressure following increases in US Treasury yields and the Federal Reserve holding firm on interest rates. The latest US jobs report evidenced stable growth within the labor market with more joining the workforce while numbers fell short of expectations. Fed Chair Jerome Powell has indicated the central bank isn’t in any hurry to cut rates, given that the route to 2% inflation is uncertain and tough. This risk-averse policy stance has caused a more balanced economic outlook, taking away some of the gold’s attractiveness as a safe-haven asset. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Concurrently, relaxing geopolitical tensions, especially between Russia and Ukraine, have reduced the need for gold as a safe haven from world uncertainties. Improvement in ceasefire negotiations, coupled with a reduction in tensions in the Middle East, has also dampened gold’s presence in investors’ portfolios. In the meantime, central banks such as China’s People’s Bank of China and Poland’s National Bank are still buying gold, offering some sustained support to the metal. These central bank interventions, together with a strengthening global economic outlook, could assist in stabilizing gold prices in the face of wider market pressures. TECHNICAL ANALYSIS Gold prices are met with resistance at the $2,930 level, with the Relative Strength Index (RSI) indicating that there is still room for additional upside. The metal has, however, been unable to climb above this mark, signifying a period of consolidation. A fall below the $2,900 level might indicate further downside risk, with the next significant support levels being the February 28 low of $2,832 and the $2,800 level. On the other hand, a break above $2,930 could pave the way for a possible rally towards $2,950 and even $3,000, if momentum keeps accelerating. The market is still in a tight consolidation, with the price action of gold very closely related to movements in US Treasury yields and general market sentiment. FORECAST If gold can break above the current levels of resistance, notably the $2,930 level, prices could have the potential to rise further. A sustained rally could have gold pushing through the $2,950 level, with a possibility of reaching the all-time high of $2,954. If momentum keeps gaining and overall market conditions are supportive, like further central bank gold buying and geopolitical tensions, the $3,000 mark could come into view. Also, if inflation remains in play or the Fed is signaling to postpone rate cuts, gold might attract even more strength as a hedge against economic uncertainty. On the negative side, if gold is unable to hold above the $2,900 level, further selling could be witnessed. A breakdown below this level would likely lead to a move towards the February 28 low of $2,832, followed by a possible test of the $2,800 support. Increasing real yields and a firmer US dollar can continue to depress gold, as it becomes less appealing relative to other assets. If the US economy continues to demonstrate strength, with the Fed still being aggressive on rates, gold may see further pressure, potentially pulling prices down in the near term.

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Commodities Gold

Gold Market Remains Steady Despite Tariff Easing, Fed Rate Cut Speculations

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  • March 7, 2025
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Gold maintains its consolidation phase, retaining its weekly gains as market forces adjust due to easing tariff tensions and Federal Reserve rate cut speculations. The Trump administration’s move to exempt Mexican and Canadian imports from new tariffs derailed briefly the bullion rally, as traders now target the forthcoming Nonfarm Payrolls report. Fed official Christopher Waller foreshadowed possible rate reductions later this year, in accordance with market forecast. In addition, tensions continue between the U.S. and China, while Bitcoin’s weakness after a reserve announcement contributes to market uncertainty. With gold lingering around $2,917, important technical benchmarks reflect a cautionary but upbeat attitude, with traders weighing macroeconomic signals in anticipation of the next major development. KEY LOOKOUTS • Fed official Christopher Waller hinted at two or three rate cuts this year, with June being a potential turning point for monetary policy. • Traders closely watch Friday’s U.S. jobs data, as a strong report could delay rate cuts, impacting gold’s demand as a safe-haven asset. • The Trump administration’s exemption of Mexico and Canada from new tariffs influenced market sentiment, and future trade policy changes could impact gold prices. • Gold fluctuates around $2,917, while support lies at $2,928 and resistance at $2,900; breaking these points may initiate immense price action. Gold traders are on tenterhooks as prime macroeconomic and geopolitical events influence investor sentiment. The possibility of rate cuts by the Federal Reserve, indicated by Christopher Waller, continues to propel bullion, with June being a turning point. Investors keenly await the U.S. Nonfarm Payrolls report, which might impact Fed policy and affect the safe-haven demand for gold. The Trump administration’s announcement of exempting Mexico and Canada from new tariffs temporarily halted the rally in gold, but other trade policy changes may spark renewed volatility. Gold technically trades at $2,917, with resistance at $2,928 and solid support at $2,900, and these levels will be vital to short-term price action. Gold consolidates near $2,917 as traders eye key market drivers, including potential Fed rate cuts and the upcoming U.S. Nonfarm Payrolls report. The Trump administration’s tariff exemption for Mexico and Canada briefly stalled bullion’s rally. • Gold remains steady near $2,917, consolidating gains for the third consecutive day amid shifting market dynamics. • Fed member Christopher Waller hints at two or three rate reductions in 2024, and June as a critical decision time. • Friday’s U.S. jobs data are awaited by traders, which may impact Fed policy and the safe-haven demand for gold. • The Trump administration’s move to exempt Mexico and Canada from new tariffs temporarily halted the rally in gold. • Bitcoin fell below $90,000 following President Trump’s strategic Bitcoin reserve plan which failed to impress investors. • Australia shipped a record $2.9 billion in gold to the U.S. in January due to concerns about possible tariffs. • Gold’s key support lies at $2,900, and resistance levels at $2,928 and $2,945 will chart its next direction. Gold continues to consolidate while market players are weighing global economic events and policy changes. The Federal Reserve’s position on whether there will be rate cuts remains an important determinant, with Christopher Waller predicting two or three cuts this year. This coincides with the expectations of markets, particularly in light of the continued focus on inflationary pressure and labor markets. The U.S. Nonfarm Payrolls release on Friday is also seen to shed some light on the economy’s robustness, something that could feed into future decisions on monetary policy. XAU/USD Daily Price Chart Chart Source: TradingView At the same time, geopolitical and trade events also influence market sentiment. The Trump administration’s move to exempt Mexico and Canada from fresh tariffs temporarily dented investor sentiment, while US-China tensions remain a source of uncertainty. Recent record-high gold exports from Australia to the U.S. show the sustained demand for the metal in the wake of global trade tensions. Moreover, the surprise decline of Bitcoin after news of a strategic reserve highlights the volatility of the wider financial markets, potentially with an indirect impact on investor sentiment towards safe-haven assets such as gold. TECHNICAL ANALYSIS Gold continues to be in a state of consolidation, with the main technical levels dictating short-term price direction. Trading at around $2,917 currently, the metal finds immediate resistance at $2,928, with further up potential towards $2,945 as long as bullish pressure gains momentum. On the negative side, the psychological support of $2,900 continues to be important, serving as a buffer against falls. A fall below this level might open further downside to $2,874, where more buying interest could come in. Though the overall trend is still supportive based on hopes for future rate cuts, gold might need a new catalyst to move out of its present range and try to reach its all-time high of $2,956. FORECAST The bullish momentum in gold could gain strength if the Federal Reserve indicates more aggressive rate cuts in future meetings. A dovish bias, combined with economic uncertainty, might propel demand for the precious metal as a safe-haven. If gold is able to break above the $2,928 resistance level, it might set the stage for a move towards $2,945. A subsequent rally might challenge the all-time high of $2,956, particularly if geopolitical tensions or inflation worries return, making investors more interested in bullion. On the other hand, if future economic statistics, led by the U.S. Nonfarm Payrolls release, paint a robust picture of the jobs market, that could temper hope of early cuts, putting bearish pressure on gold. Breaking below the psychological $2,900 support would possibly set further declines in motion, with the next significant level of support found at $2,874. A firmer U.S. dollar or higher bond yields may also keep gold prices down, and that could trigger a possible retest of lower prices if positive momentum is lost.

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Commodities Gold

Gold Price Forecast: Profit-Taking, Fed Rate Cut Speculation, and Market Trends With US Tariff Delays

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  • March 6, 2025
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Gold prices (XAU/USD) are seeing marginal profit-taking around $2,900 as US tariff tensions relax with a tariff delay on the importation of cars from Mexico and Canada. Despite this reprieve, tit-for-tat tariffs due in April still fuel safe-haven demand for the metal. While that is happening, investors are betting more on multiple Federal Reserve rate cuts as US economic indicators worsen, heightening recession fears. The European Central Bank’s interest rate decision and an important EU defense spending meeting contribute to the uncertainty in global markets. Technically, gold is still a “buy on dips,” with crucial support at $2,900 and resistance around the all-time high of $2,956. KEY LOOKOUTS • The postponement of US car import duties on Mexico and Canada provides relief in the short term, but April reciprocal tariffs still favor gold demand. • Market participants are factoring in several Fed rate cuts as US economic data deteriorates, making gold more attractive as a hedge against economic uncertainty. • The ECB will reduce interest rates by 25 bps, affecting market sentiment and gold prices along with wider economic policy changes. • Gold is bullish with major support at $2,900 and resistance at $2,956. Investors are eagerly observing price movement for breakouts or corrections. Gold prices are still an investment focus area with market trends adjusting to ease in US tariff tensions and swelling Federal Reserve rate-cut expectations. Though the pause on US auto import tariffs to Mexico and Canada is a near-term relief, retaliatory tariffs to be activated in April persist to drive safe-haven appetite. The multiple potential rate reductions by the Federal Reserve due to declining US economic indicators further heighten gold’s attraction. In the meantime, the expected 25 bps rate cut from the European Central Bank and a pivotal EU defense spending summit contribute to market volatility. With gold at around $2,900, pivotal technical levels such as support at $2,900 and resistance around $2,956 will be important for traders to monitor in this uncertain environment. Gold prices remain at $2,900 as US tariff delays give temporary relief, but future reciprocal tariffs maintain safe-haven demand. Traders expect several Fed rate cuts with deteriorating US economic data, while the ECB’s anticipated policy change contributes to market uncertainty. • The postponement of US car import tariffs on Mexico and Canada gives temporary relief, but April reciprocal tariffs maintain gold demand. • Despite some profit-taking, gold is still a sought-after hedge against economic and geopolitical risks. • Deteriorating US economic data have ignited speculation of a series of Fed rate cuts, making gold more attractive. • The ECB will likely lower rates by 25 bps, which could drive global market sentiment and gold prices. • Traders are reshuffling positions as bond markets already price in easing monetary policies. • The key support is at $2,900, and resistance around the all-time high of $2,956 will decide the direction for gold. • Global economic policy uncertainty and geopolitical risks may fuel swift price actions in gold. Gold continues to be a focus area in international markets as economic and geopolitical issues influence investor mood. The delay in US car import tariffs on Mexico and Canada has provided short-term relief, but the upcoming reciprocal tariffs in April keep uncertainty alive. Meanwhile, traders are closely monitoring the Federal Reserve’s stance as deteriorating US economic data strengthens the case for multiple interest rate cuts. As fears of economic slowdown abound, gold remains a go-to safe-haven asset, drawing investors seeking security in the face of uncertainty. XAU/USD Daily Price Chart Chart Source: TradingView At the global level, the European Central Bank’s upcoming interest rate decision is another layer of market attention, as policymakers balance economic threats and possible stimulus. Moreover, general geopolitical developments, such as talks on European Union defense expenditures and ongoing trade policies, fuel investor hesitancy. With central banks and governments navigating these economic challenges, gold’s use as a hedge against uncertainty is firm, as institutional and retail investors continue to attract steady demand. TECHNICAL ANALYSIS Gold prices are sustaining a robust bullish bias, and important technical levels are guiding the market movements.The $2,900 level is an important psychological support point, stemming any further bearish pressure. If gold sustains above this area, it may draw fresh buying interest, and prices may be directed towards the next resistance levels. On the higher side, the first resistance is at $2,934, followed by an important hurdle at $2,950. A breakthrough above such levels may initiate the door to the retesting of the all-time high price level at $2,956. In the case of accelerating selling pressure, $2,879 might become support. Analysts continue watching out for momentum levels and sentiment signals in assessing what may next follow gold’s price direction. FORECAST  Market conditions uphold the bullish trend for gold amid the metal’s safe-haven image. With increasing anticipation of several Federal Reserve rate cuts and continued uncertainty in the global economy, gold may experience additional upside action. If investor attitude continues to be risk-averse and inflationary fears linger, gold might overcome significant resistance points, potentially surpassing its historic high of $2,956. Moreover, any surprise geopolitical tensions or central bank dovish policies might additionally fuel demand, pushing prices even higher in the months ahead. On the negative side, gold prices can experience intermittent corrections as a result of profit-taking and changing market sentiment. If US economic indicators indicate improvement or the Federal Reserve becomes more hawkish, gold might suffer short-term pullbacks. Increased US dollar strength and higher bond yields can also pose headwinds, triggering dips to the $2,900 or even $2,879 support areas. Yet, until there is a dramatic change in international economic policies, every dip is likely to be perceived as a buying opportunity by long-term investors.

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Commodities Gold

Gold Prices Rise as Safe-Haven Demand Grows and Trade War Fears Bite: Key Drivers Behind XAU/USD Trends

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  • March 5, 2025
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Prices of gold keep rising as demand for safe haven increases in the wake of rising trade tensions and geopolitical tensions. US tariffs on Mexican, Canadian, and Chinese imports have taken a toll on markets, leading investors to turn to the precious metal as a safe haven. The US also suspended military aid to Ukraine, further boosting gold’s attractiveness. But there are challenges to non-yielding assets such as gold by higher US Treasury yields and a stronger US Dollar. Market players await further guidance from key US economic indicators such as the ISM Services PMI and ADP Employment Change. Technically, gold is still in an uptrend channel, maintaining above important psychological support at $2,900, with scope for more on the upside towards its all-time peak of $2,956. KEY LOOKOUTS • Raising US tariffs against Mexico, Canada, and China add to market volatility, fueling safe-haven buying and underpinning gold prices amid economic uncertainty. • Increasing US Treasury yields are exerting bear pressure on non-yielding assets such as gold, possibly capping further gains despite firm safe-haven demand. • The US suspension of military aid to Ukraine stokes geopolitical tensions, making gold more attractive as investors seek refuge from global uncertainty. • Future US ISM Services PMI and ADP Employment Change reports will hold key to gauging economic growth, potentially impacting gold’s short-term price action. Prices of gold continue to be at the center as investors try to navigate a contradictory blend of trade tensions, growing US Treasury yields, and geopolitics. Implementation of US tariffs on Mexican, Canadian, and Chinese imports has increased market uncertainty, fueling safe-haven demand for gold. In the meantime, the US government’s move to suspend military assistance to Ukraine has added to geopolitical tensions, contributing to gold’s bullishness. Yet increasing Treasury yields are a threat to non-yielding assets such as gold, and this may limit gains. Traders now look forward to some major US economic data releases, including the ISM Services PMI and ADP Employment Change, which may further guide XAU/USD in the near term. Gold prices jump as growing trade tensions and geopolitical uncertainties trigger safe-haven demand. Increasing US Treasury yields, however, pose a hurdle to further growth. Market guidance comes from forthcoming key US economic data. • Gold prices jump as investors search for refuge due to increasing trade tensions and geopolitical risks. • Fresh US tariffs on Mexico, Canada, and China spur market volatility, contributing to gold’s rising momentum. • US suspension of military aid to Ukraine contributes to worldwide uncertainty, making gold more attractive. • Higher yields squeeze non-yielding assets such as gold, constraining further price appreciation. • A stronger US Dollar suppresses gold, producing mixed market sentiment. • Market participants monitor the ISM Services PMI and ADP Employment Change reports closely for information about economic growth. • Gold maintains major support at $2,900, with the resistance at its all-time high of $2,956. Gold prices continue to gain steam as investors move towards safe-haven assets following rising global uncertainties. The latest imposition of US tariffs on Mexico, Canada, and China has increased market uncertainty, and with it, there are fears of a possible trade war. This has led investors to find safe haven in gold, which is conventionally considered a hedge against economic and geopolitical uncertainty. Furthermore, the US government’s move to suspend military assistance to Ukraine has further added to global tensions, supporting gold’s demand as a safe-haven asset during uncertainty. XAU/USD Daily Price Chart Chart Source: TradingView Aside from trade and geopolitical issues, market participants are also paying close attention to important US economic indicators. Indices like the ISM Services PMI and ADP Employment Change are likely to offer insights into the resilience of the US economy, impacting investor attitudes. Although worries about weakening economic growth continue, the effect of tariffs on international trade and consumer expenditure is a significant area of concern. Against this backdrop, gold remains in the limelight as a safe-haven asset, a sign of investors’ conservative approach to an increasingly complex financial environment. TECHNICAL ANALYSIS Gold price (XAU/USD) is still in an uptrend channel, signaling a long-term bullish trend. The metal is still trading above the important psychological support level of $2,900, which coincides with the nine-day Exponential Moving Average (EMA). The Relative Strength Index (RSI) remains above 50, supporting bullish momentum. Should the price hold above this level, it might target primary resistance at $2,956, its all-time high. But a breakdown below immediate support can soften short-term momentum, potentially resulting in a pullback to lower trendline support. In general, technical indicators indicate that the bullish bias is still intact unless a serious breakdown happens. FORECAST Gold prices should continue to enjoy a bullish picture in the near term as demand for safe haven continues to rule investor sentiment. The rising tensions in trade, especially the US tariffs on Mexico, Canada, and China, may further push gold’s attraction. Moreover, geopolitical risks such as the US suspending aid to Ukraine are contributing to risk globally, for which gold seems to be the attractive asset. If economic concerns continue to deepen and market fears intensify, gold may receive an upward push towards its all-time high of $2,956. Solid buying interest at critical support levels and continuous momentum above the $2,900 level might consolidate the bullish trend. To the downside, increasing US Treasury yields and a strengthening US Dollar might press on gold prices, capping further advances. Increased bond yields raise the cost of holding non-yielding assets such as gold, which can lead to profit-taking. Also, if the next US economic releases, including the ISM Services PMI and ADP Employment Change, show the economy is resilient, gold may come under pressure. A break below the $2,900 psychological support level can lead to further losses, with the next significant support at $2,850. But until investor sentiment takes a dramatic turn, any bearish movement could still be capped.

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