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Commodities Gold

Gold Price Remains Steady Over $3,300 on Safe-Haven Demand That Continues Despite Key FOMC Minutes Approach

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  • May 28, 2025
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Gold prices continue to hold steady over the $3,300 level as safe-haven demand remains in place despite prevailing tensions in the geopolitical scene, US fiscal issues, and risk-averse sentiment prior to the release of the FOMC Minutes. Even with a modest recovery in the US Dollar and relaxed trade tensions after President Trump’s postponement of EU tariffs, investor unease remains in driving demand for the non-yielding yellow metal. Market players now closely monitor the Fed’s policy stance and forthcoming US economic releases such as Q1 GDP and the PCE Price Index for further guidance. Technically, gold has potential for both near-term pullbacks and continuation higher, with support around $3,245 and resistance near $3,345. KEY LOOKOUTS •  Market players look to the FOMC Minutes for insight into the Federal Reserve’s position regarding forthcoming interest rate reductions, which would directly impact gold prices and USD strength. •   Future important data, such as the Preliminary Q1 GDP and the PCE Price Index, will offer more insight into inflation dynamics and the health of the economy, and could influence Fed policy expectations. •  Russia-Ukraine conflict, Middle East conflicts, and increasing worries regarding the fiscal deficit of the US support continued safe-haven demand for gold. • Look for important support at $3,245 and resistance at around $3,345. A breakout above resistance could initiate a rally to $3,400 and higher, while a fall below support might induce a bearish excursion. Gold traders are eagerly observing some important events that may determine the metal’s short-term trend. The FOMC Minutes release continues to be a top priority, with the markets wanting confirmation of the interest rate path of the Federal Reserve as expectations for two cuts in 2025 build. Furthermore, the forthcoming US economic data, with the Preliminary Q1 GDP and PCE Price Index taking center stage, will provide key insights into inflation and growth that will dictate both Fed policy and investor moods. At the same time, ongoing geopolitical tensions, such as Russia’s moves in Ukraine and turmoil in the Middle East, as well as fears over the US fiscal deficit, continue to support gold’s status as an asset class of last resort. On a technical basis, levels to monitor are support around $3,245 and resistance at $3,345, with a break in either direction set to initiate the next major move. Gold continues to be underpinned above $3,300 as investors look to the FOMC Minutes for transparency on the Fed’s rate-cut trajectory. Safe-haven demand is being fueled by geopolitical tensions and US fiscal concerns, with further volatility potentially being added by forthcoming GDP and inflation releases. • Gold remains firm above $3,300 as investors look for cover amidst geopolitical tensions and US fiscal worries. • FOMC Minutes are closely watched for guidance on the Federal Reserve’s interest rate trajectory. • Market mood is still guarded in spite of President Trump’s postponement of envisaged EU tariffs. • Imminent US economic releases, such as Q1 GDP and PCE Price Index, may drive gold’s direction. • Gold finds support from safe-haven demand amid global uncertainties and inflation. • US Dollar finds it hard to make headway, constrained by budgetary concerns and rate-cutting expectations. • Technical perspective indicates consolidation with scope for both continuation higher and short-term pullbacks. Gold prices remain stable above the $3,300 level, supported by renewed investor hesitancy in the face of geopolitical tensions and US fiscal concerns. Although some easing of trade tensions with President Trump’s postponement of planned EU tariffs, sentiment in the market remains precarious. Concerns regarding the general economic outlook, combined with renewed global conflict and mounting budget deficit anxieties, have maintained demand for the safe-haven metal at high levels. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Investors are now waiting for the FOMC Minutes release to gauge the direction of Federal Reserve monetary policy. With interest rate cuts anticipated later in the year, gold is expected to continue in the limelight as a hedge against economic uncertainty. Upcoming US economic releases such as Q1 GDP and the PCE Price Index will also be closely monitored for the direction of inflationary trends and growth momentum that may dictate future policy actions. TECHNICAL ANALYSIS Gold is displaying signs of consolidation with an upward bias, as it maintains above important psychological support around $3,300. Though momentum indicators on the daily chart indicate loss of bullish momentum, they have failed to signify a bearish change, which could signal the emergence of fresh buying interest. Near-term resistance lies in the vicinity of the $3,340–$3,345 levels, which also corresponds to a recent trend-line breakdown. A continued advance above this level may spur fresh upside momentum, whereas inability to stay above $3,300 can leave the metal vulnerable to additional declines towards the $3,250–$3,245 resistance zone. FORECAST If gold is able to hold above the $3,300 level and clears the immediate overhead around $3,345, then it may unlock more gains. Rising safe-haven demand, dovish FOMC Minutes cues, or softer-than-anticipated US economic data can impart bullish momentum. Under this scenario, gold can rise to the $3,365 level and potentially extend towards the $3,400 level, provided market sentiment shifts risk-averse or the US Dollar continues to weaken. Alternatively, if gold is unable to stay above $3,300, it can attract more selling pressure. A more robust US currency, Fed hawkish remarks, or improved-than-anticipated economic indicators might deter the metal’s demand. Under these circumstances, prices might fall back to the $3,250–$3,245 area, which is a crucial support level. A firm breach below this region could trigger a more significant corrective period, possibly leaving gold vulnerable to additional sell-offs on the near-term horizon.

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Commodities Gold

Gold Price Falls on Trade Optimism and Lower Fed Rate Cut Expectation

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  • May 15, 2025
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Gold prices keep on falling as a relaxation of US-China trade tensions and shrinking hopes of aggressive Federal Reserve rate cuts cut down the demand for the safe-haven asset. The temporary agreement on trade and evidence of economic resilience in the US has lifted Treasury yields, further pressuring non-yielding gold. In spite of recurring geopolitical tensions and a weaker sentiment in equity markets, XAU/USD touched its lowest mark since early April, breaching important technical levels of support. Investors now eye the forthcoming US Producer Price Index data and Federal Reserve Chair Jerome Powell’s speeches for new cues, as gold’s outlook stays firmly bearish. KEY LOOKOUTS • Due for release later today, the PPI will provide clues on inflation trends and impact the Fed’s monetary policy direction going forward, affecting gold prices. • Traders will be attentive to Powell’s remarks for hints on the rate cut path, which may influence market sentiment and determine USD and gold price direction. • Increasing yields are still putting pressure on non-yielding assets such as gold. A sustained rally might help amplify bearish momentum in XAU/USD. • Escalating tensions in the Middle East and actions in the Ukraine-Russia conflict might provide minimal support to gold, but so far, these have not been adequate to turn around the current selling sentiment. Market participants must closely monitor a few important factors driving gold prices in the short term. The release of upcoming US Producer Price Index (PPI) numbers and a speech by Federal Reserve Chairman Jerome Powell are slated to provide fresh views on inflation and monetary policy that could markedly shift market mood. Moreover, a continued up move in US Treasury yields has kept non-yielding assets such as gold firmly in the dovish camp. Although geopolitical threats, such as tensions in the Middle East and the Ukraine-Russia conflict, continue to exist, they have not so far been contributing positively to gold prices amidst prevailing macroeconomic forces. Gold prices are still under pressure as declining US-China trade tensions and lowered Fed rate cut hopes push investors out of safe-haven assets. Upcoming US PPI and speech by the Fed Chair Powell are major events that could dictate the next direction in XAU/USD. Higher bond yields and technical breakdowns also add to the bearish scenario. • Gold prices fell to $3,135, the lowest since April 10, under persistent selling pressure. • US-China trade optimism cut safe-haven demand, as a 90-day tariff ceasefire put recessionary fears aside. • Fed rate cut expectations have fallen, and markets are now pricing in just about 50 basis points of easing this year. • Increasing US Treasury yields continue to pressure gold, which does not pay any yield and loses attractiveness in a rising rate environment. • Middle East and Ukrainian geopolitical tensions remain but have not managed to trigger a significant gold price rebound. • Technical levels of importance were broken, such as the $3,200 level and the 61.8% Fibonacci retracement, indicating further potential downside. • Market attention turns to US PPI numbers and Fed Chair Powell’s speech, which may be the next directional driver for XAU/USD. Gold prices are under persistent pressure as overall market sentiment moves out of safe-haven assets. The recent de-escalation of US-China trade tensions has gone a long way in damping investor worries of a global slowdown. A temporary tariff truce for 90 days and encouraging signs from both governments have helped instill confidence again, leading to a shift towards risk assets and away from gold. Meanwhile, more robust-than-anticipated US economic data have prompted traders to temper expectations of aggressive Federal Reserve interest rate cuts, diminishing gold’s attractiveness in the present climate. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Apart from the better trade prospects, words from a number of Federal Reserve officials indicate a conservative, wait-and-see stance on future rate actions. They recognized advancements in moving inflation towards the 2% level and stressed more data before adjusting policy further. Although geopolitical tensions — such as those in the Middle East and Eastern Europe — are still in focus, they have had modest effects on investors’ behavior recently. All attention is therefore focused on future US economic data and Federal Reserve commentary, which might influence the prospects for both monetary policy and demand for gold in the coming weeks. TECHNICAL ANALYSIS Gold has fallen below important support levels and this signifies a prolongation of the downtrend. The decline below the $3,200 level and the 61.8% Fibonacci retracement of April’s upswing signifies that selling pressure is building. Daily chart oscillators are also becoming negative, supporting the likelihood of continued downside. Intraday support is at the $3,135–$3,133 range, and a clean break below this level would allow access to the $3,100 target and beyond towards $3,060. Upwardly, any rebounding attempts will continue to meet resistance around $3,170, stronger around $3,200 and $3,230, which should limit gains unless sentiment shifts. FORECAST If gold can recapture momentum, a rally may first aim at the $3,170 resistance level, then a possible retest of the $3,200 level. A breakout above this level may set the stage for a further bounce towards $3,230, which is situated at the 50% Fibonacci retracement level. A close above this level may spark renewed buying interest, driving gold towards $3,265 and potentially the $3,300 psychological level. But any positive is likely to be received with suspicion unless dovish Federal Reserve rhetoric is firmly in place or global risk aversion sharply worsens. To the downside, further selling pressure may push gold beneath near-term support at $3,135–$3,133. A firm break here would most probably hasten the fall toward the $3,100 level. If bearish momentum continues, the next significant support is at $3,060, a threshold that may prove to be a firmer bottom unless wider economic or geopolitical factors bring renewed stress. With the existing bearish technical configuration and macroeconomic headwinds in place, risk remains skewed to the downside absent some catalyst over the near term in the form of data or Fed commentary shifting market expectations.

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Commodities Gold

Gold Prices Drop Below $3,250 on US-China Trade Deal and Bullish USD Sentiment

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  • May 12, 2025
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Gold prices have fallen sharply below the $3,250 mark as bullish sentiment on the US-China trade deal and a stronger US dollar negatively impact the precious metal. The pact between the two nations to cut tariffs significantly has improved global risk sentiment, causing investors to move away from safe-haven assets such as gold. In the meantime, soothing US recession concerns and the Federal Reserve’s aggressive interest rate hawkishness have also continued to prop up the dollar, further weighing on gold prices. With market focus now shifting to future US inflation readings and Fed Chairman Jerome Powell’s testimony, traders are expecting further gold declines, particularly if the price breaks below crucial support levels. KEY LOOKOUTS • The release of the next US inflation numbers later this week will be closely watched, as they may affect market expectations for future Federal Reserve action, specifically on interest rates, that would impact the outlook for gold. • Powell’s on-stage appearance on Thursday may further clarify the Fed’s thoughts on rate cuts, potentially sparking yet more US dollar strength and prolonging bear pressure on gold. • The long-term implications of the US-China tariff reduction agreement will also influence global risk sentiment in the future. If tensions in trade continue to ease, demand for safe-haven assets such as gold may still be muted. • Be on the lookout for price breakdowns below the $3,250 level, especially around the $3,200 level, which can serve as a point for more losses. Alternatively, a bounce above $3,300 may point towards potential short-covering and price reversal. With gold prices still falling below the $3,250 threshold, a number of influential factors are at play. The new US-China trade deal, which constitutes a substantial lowering of tariffs, has supported risk appetite at the international level, encouraging investors to move away from safe-haven instruments such as gold. This combined with the Federal Reserve’s aggressive approach to raising interest rates and the strength of the US dollar has further put pressure on the precious metal. Traders are now waiting for significant events, such as the publication of US inflation data and statements by Fed Chair Jerome Powell, which may offer key information about the future trajectory of both gold and the dollar. Furthermore, technical levels near $3,200 are still pivotal, with a break of this support potentially causing further falls for gold. Gold prices are under stress, declining below $3,250 due to optimism for the US-China trade deal and a stronger dollar dulling the appetite for the metal. Gold’s near-term direction will probably be determined by significant market events, such as US inflation numbers and Fed Chairman Jerome Powell’s upcoming remarks. •  Gold prices have declined below the level of $3,250, a major fall in the market. •  The US-China trade tariff cut accord has enhanced overall risk sentiment worldwide, dampening the demand for safe-haven assets such as gold. •  Optimism over the trade agreement and the Federal Reserve hawkish pause has been favorable for the US dollar, placing added pressure on gold prices. •  Positive developments in the trade front have succeeded in tempering fears over the possibility of a US recession, further diminishing gold’s attractiveness. •  The $3,200 level is still a key support level for gold, and any breakdown below it could trigger further losses. •  Traders are looking forward to US inflation data releases that could shape expectations of future Fed rate hikes and affect gold prices. •  We will be looking for any new signals in Powell’s testimony that could give direction for both the US dollar and gold in terms of future monetary policy. Gold prices have remained under pressure with prices dipping below the $3,250 benchmark as market sentiments change following news of a development in the US-China trade discussions. The easing of tariffs among the two nations has triggered sentiments in global markets, promoting the risk-on position that reduces appetite for safe-haven assets such as gold. As investors disengage from risk-off positions, the price of gold has continued to decline, noticeably. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Apart from the trade agreement, the US dollar has picked up strength as recession concerns eased and the Federal Reserve maintained its hawkish interest rate stance, which weighed further on the price of gold. The market now awaits major economic events, including the announcement of US inflation figures and comments from Federal Reserve Chairman Jerome Powell, that can shape investor sentiment and potentially give fresh direction to the precious metal in the days to come. TECHNICAL ANALYSIS Gold prices have slid below $3,250, led primarily by a spike in optimism over the US-China trade deal, which has given global risk sentiment a boost. The tariff-cutting accord between the two countries has prompted investors to shift away from safe-haven investments such as gold, directing attention to risk-sensitive investments. Moreover, the solidifying US dollar, bolstered by declining recession fears and the hawkish tone at the Federal Reserve regarding interest rates, has also dented gold’s attraction. While markets wait for major economic reports, such as US inflation figures and remarks by Fed Chair Jerome Powell, the future of gold is uncertain. FORECAST Gold prices may recover somewhat if the market responds to any surprise negative economic data or geopolitical tensions that revive demand for safe-haven assets. Furthermore, if inflation readings come in higher than anticipated or if Fed Chairman Jerome Powell indicates a more dovish approach to interest rates, it may soften the US dollar and boost gold’s upside. Gold could also draw support if investor sentiment shifts toward caution again, especially if trade negotiations between the US and China breakdown or face some setbacks. To the downside, gold may suffer additional pressure if the US-China trade deal optimism continues to underpin global risk-on sentiment. A firmer US dollar, boosted by the Federal Reserve’s hawkish bias and upbeat economic data, can provide additional pressures to gold’s decline. If inflation figures indicate stabilization and the Fed holds its aggressive stance on interest rates, the allure of gold might decrease further still, with

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Commodities Silver

Silver Prices Rally Above $33.00 Amid Trump Tariff Threats and Safe-Haven Buying

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  • May 6, 2025
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Silver prices (XAG/USD) moved above $33.00 per troy ounce, marking gains for the second straight session, as President Donald Trump’s recent tariff threats ignited higher demand for safe-haven assets. Trump’s threat to enforce a 100% tariff on foreign-made films and indications of pharmaceutical tariffs in the weeks to come have contributed to market volatility, prompting investors into precious metals such as silver. In spite of the surging US Dollar in anticipation of the Federal Reserve’s due decision on interest rates, which is expected to remain constant, silver’s upward momentum remains unabated. The recent trade tensions combined with Trump’s pressure on the Federal Reserve for rate cuts have fueled the volatile economic market, further boosting silver’s price rally. KEY LOOKOUTS •  President Trump’s plan to add new tariffs, such as the 100% tariff on foreign-made films and pharmaceutical tariffs, is fueling the rise in demand for safe-haven assets such as silver, which may continue to drive price actions in the near term. •  The strengthening of the US Dollar, particularly in expectation of the Federal Reserve’s next interest rate decision, may cap silver’s upside because a stronger dollar makes the metal less attractive for foreign purchasers. •  Markets are keeping a close eye on the Federal Reserve’s interest rate stance, with expectations that the Fed will leave rates steady. Any suggestions of future rate reductions or dovish comments from Chairman Jerome Powell may affect silver’s attractiveness as a hedge against economic uncertainty. •  Continuing trade tensions, especially with China, and the possibility of new agreements or negotiations that are stuck could lead to further market volatility, affecting demand for silver and other precious metals. Silver prices are showing upward momentum, rising above $33.00 per troy ounce, led mainly by President Donald Trump’s new tariff threats. His intentions to impose a 100% tariff on foreign-made movies and future pharmaceutical tariffs have created worries, prompting investors to go for safe-haven assets such as silver. Nevertheless, the rising US Dollar in anticipation of the Federal Reserve’s decision to hold interest rates steady may curb silver’s upside, with a stronger dollar reducing the attractiveness of the metal for foreign consumers. The market is also watching trade negotiations closely, especially with China, as any news may further impact investor sentiment and silver’s price movement. With all these considerations in mind, silver’s performance continues to be very much linked to global economic uncertainties and US monetary policy changes. Silver prices have surged past $33.00 per ounce on the back of President Trump’s tariff threats, stirring demand for safe-haven currencies. But the appreciation US Dollar and imminent Federal Reserve policy actions may clip further gains, even as persistent trade tensions continue to be a pivotal factor in shaping silver’s direction. • Silver (XAG/USD) has surged past $33.00 per ounce, extending its rally for the second session in a row. • President Trump’s recent announcement of new tariffs, including a 100% tariff on foreign-made films and impending pharmaceutical tariffs, has increased market uncertainty and fueled demand for safe-haven assets such as silver. • The increasing geopolitical risks and trade tensions are pushing investors towards precious metals, particularly silver, as a hedge against market volatility. • The US Dollar is strengthening, which may cap the price of silver since a strong dollar increases the cost of silver for foreign consumers. • Markets are looking towards the Federal Reserve decision on interest rates, with the expectation that the Fed will not raise interest rates but will hold rates steady, while words from Chairman Jerome Powell regarding economic conditions may affect silver prices. •  Persistent trade negotiations, especially with China, are contributing to worldwide uncertainty, with any developments either pushing or holding back silver’s price action. •  In spite of the stronger US Dollar, silver’s bull trend is being sustained by continued market fears over economic stability and possible rate reductions by the Federal Reserve. Silver prices have risen to over $33.00 an ounce as President Donald Trump’s latest tariff threats fueled the metal’s rally. These threats, such as a 100% tariff on imported films and pending pharmaceutical tariffs, have alarmed global markets, leading investors to find shelter in precious metals such as silver. With tensions in trade and geopolitical risks strengthening, silver is perceived as a safe hedge against uncertainty, attracting more attention from investors seeking a solid store of value. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView The current ambiguity over global trade talks, and especially between China and the United States, has further increased the attractiveness of silver. With President Trump still putting pressure on both the market as well as the Federal Reserve, investors are extremely keen to look for any progress that could mean changes in economic policy. It is this situation that has seen silver pick up a lot of momentum, proving to be a safe haven amid uncertainty. TECHNICAL ANALYSIS Silver prices have demonstrated strong bullish momentum, penetrating the $33.00 resistance level, which has acted as a strong barrier in the past. The recent rally indicates positive sentiment, with major support now located at lower price levels, around $32.00 per ounce. Trending higher is the moving averages, confirming the strength of the advance, and Relative Strength Index (RSI) in a neutral to overbought zone, indicating that silver may continue to enjoy bullish sentiment as long as market conditions are favorable. Any reversal beneath the $32.00 support, however, may portend a pullback, necessitating close observation of market conditions and shifts in sentiment. FORECAST Silver prices may continue to experience upward momentum if the geopolitical situation remains uncertain, especially with continued trade tensions and President Trump’s threats of tariffs. Demand for safe-haven assets such as silver will probably remain robust as investors look for protection against economic uncertainty. Moreover, if the Federal Reserve continues to be dovish or signals future rate cuts, silver may enjoy lower opportunity costs, further increasing its price. Technical indicators like significant uptrend in moving averages and resistance levels higher than $32.00 indicate that silver can go higher in the near term,

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Commodities Gold

Gold Hits All-Time High as US-China Trade War Fosters Global Run to Safety

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  • April 12, 2025
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Gold jumped to a record high of $3,245 as rising trade tensions between the US and China shook global markets, pushing investors into safe-haven assets. The yellow metal registered more than 2% gains following China’s retaliatory 125% tariffs and the US Dollar Index falling to a 35-month low of 99.01. In spite of higher US Treasury yields and mixed economic reports, such as weaker producer inflation and decreasing consumer sentiment, recession concerns and inflation uncertainty spurred additional demand for gold. As the uptrend remains firmly in place, the market is now looking to the $3,250 and $3,300 levels as it prepares for further volatility. KEY LOOKOUTS • Since crossing the all-time high of $3,245, gold prices are now looking to breach the $3,250 and $3,300 resistance levels amid ongoing market uncertainty. • Increased tensions following China’s 125% counter-tariffs and the US raising tariffs to 145% are set to maintain risk-off sentiment high. • Increasing inflation expectations and escalating recession concerns, underscored by weaker consumer sentiment and cautious Fed policy expectations, remain bolstering gold’s safe-haven appeal. • The decline in the USD Index to a 35-month trough of 99.01 fuels gold’s rally, with ongoing falls set to support bullion demand. Gold continued its history-making rally as rising trade tensions between China and the US helped drive a rush into safe-haven assets on a global level. The yellow metal broke the $3,245 barrier supported by a plunge in the US Dollar Index to a 35-month low of 99.01. Investors fled to bullion when China struck back at the US by imposing 125% tariffs after Washington boosted duties on Chinese imports to 145%. Even with the increase in US Treasury yields and conflicting economic news — such as a decline in producer inflation and weakening consumer sentiment — concerns over an impending recession and increased inflation expectations maintained the bullish momentum in gold, now targeting the $3,250 and $3,300 resistance levels. Gold rallied to a new record high of $3,245 as the US-China trade tensions escalated, leading to a global rush for safe-haven assets. A declining US Dollar and growing recession concerns further added to the metal’s bullish strength, with investors now targeting the $3,250 and $3,300 levels. • Gold prices hit an all-time high of $3,245, recording more than 2% gains amid heightened US-China trade tensions. • China retaliated with 125% tariffs against the US raising duties to 145%, triggering global market volatility. • Safe-haven demand increased as recession concerns escalated, driving gold’s rally in spite of rising US Treasury yields. • The USD Index plunged to 99.01 — its lowest since almost three years ago — strengthening gold’s bullish breakout. • The University of Michigan’s Consumer Sentiment Index plummeted sharply, indicating increased economic pessimism and inflationary concerns. • Large US banks such as JPMorgan and Goldman Sachs indicated growing recession likelihood as global uncertainty continues to mount. • Gold is solidly in an uptrend, and traders are eyeing a breach above $3,250 with a possible charge towards $3,300. Gold has surged to an all-time high of $3,245 due to the escalating US-China trade war, which triggered a global rotation towards safer assets. Following US tariff increases, China struck back and added 125% tariffs on US goods, a move that generated a climate of increased uncertainty, further escalating demand for the precious metal. Amidst the jittery market and fear of a slowdown in the economy, investors turned to gold as they perceived it as a safe haven of value in the midst of the chaos. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView At the same time, the US dollar lost considerable strength, with the Dollar Index dropping to its lowest point in almost three years, contributing further to the rally in gold. US economic sentiment also suffered, as inflation expectations increased and consumer sentiment hit rock bottom. All of these variables combined to establish an environment of trepidation, as investors flocked to the safety and stability that gold historically offers amid periods of geopolitical and economic tension. TECHNICAL ANALYSIS The recent price action of gold has been strong, breaking above major resistance levels at $3,100 and $3,200 to record a new all-time high price of $3,245. The uptrend is still in place, with bulls eyeing the $3,250 and $3,300 levels as possible breakout points. In the event of a pullback, support comes in at the $3,200 level, with the next major level at $3,176. As long as gold continues to be on an upward trend, investors are bullish on more gains, especially if the current resistance points are broken. The strength of gold’s rally is highlighted by its ability to stay above key support levels even in the face of overall market volatility. FORECAST Gold’s price will continue to go up in the near future, fueled by continued geopolitical tensions and economic uncertainty. As the US-China trade war continues unabated and concerns over inflation are still elevated, demand for safe-haven currencies such as gold is likely to continue. The weakening US currency and the expectation of a slow-down in economic growth are bound to fuel the rally in gold, driving prices to new levels of resistance around $3,250 and $3,300. Investors looking for security during uncertain times will continue to prefer gold, making it a likely candidate to make even more gains. On the other hand, if gold can’t sustain its current rhythm, it could face a correction, especially if the global economy brightens or trade tensions dissipate. A sudden spike in the US dollar or an unforeseen change in Federal Reserve policy would put downward pressure on gold. In this scenario, gold could find support near the $3,200 mark, with subsequent drops possibly challenging the $3,176 or $3,100 levels. Eroding investor sentiment in gold as a safe-haven investment could also bring about a retreat, particularly if market conditions become stable.

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Commodities Silver

Silver Shines in Times of Global Uncertainty: XAG/USD Trades Near Five-Month Highs as Geopolitical Tensions Rise

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  • March 17, 2025
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Silver (XAG/USD) remains trading close to a five-month high of $34.00 on high safe-haven demand as global economic uncertainty and geopolitical tensions increase. The latest Middle Eastern conflict, the missile and drone attack by the Houthis on the USS Harry S. Truman aircraft carrier, has boosted investor interest in precious metals. While Silver has experienced minor corrections, it still enjoys good support because of apprehensions over emerging trade wars as well as overall instability. Meanwhile, optimism around potential ceasefire talks between Trump and Putin for an end to the Ukraine conflict would limit further bullishness. Still, market operators are also watching for crucial decisions from key central banks this week, notably the US Federal Reserve’s policy projections, which will determine Silver’s next direction of movement. KEY LOOKOUTS • Continued Middle East tensions, particularly the Houthis’ attack, remain to enhance Silver’s safe-haven status, underpinning prices at multi-month highs. • Speculation of a possible Trump-Putin meeting on a Ukraine ceasefire would ease global uncertainty and cap Silver’s near-term upside momentum. • Market participants look forward to significant central bank gatherings, particularly the US Fed’s interest rate decision, which would sharply influence Silver’s near-term price direction. • Rising trade tensions and tariff wars between the US and key partners could boost market volatility, benefiting safe-haven assets such as Silver. Silver prices are in the spotlight with the metal trading at almost a five-month peak, underpinned by robust safe-haven demand as geopolitics heat up and global economic uncertainty increases. Recent Houthi attacks on the USS Harry S. Truman aircraft carrier have served to increase investor risk aversion, again spurring demand for precious metals. But future ceasefire negotiations between Trump and Putin over the Ukraine war could soften risk appetite and limit Silver’s upside potential. Investors are also keenly observing major central bank announcements this week, particularly the US Federal Reserve’s policy stance, which could be instrumental in deciding Silver’s next direction. Silver is trading close to a five-month high at $34.00, driven by safe-haven buying on the back of rising Middle East tensions and global uncertainties. But potential Trump-Putin ceasefire talks and future central bank actions could dictate Silver’s next direction. • Silver price trades close to $34.00, holding near its five-month high on strong safe-haven demand. • Geopolitical risk increases as the Houthis take responsibility for a bombing of the USS Harry S. Truman aircraft carrier in the Red Sea. • Safe-haven demand intensifies, with investors fleeing to precious metals amid growing global uncertainty and conflict. • US threatens more strikes on Houthis, as the Iran-supported group promises additional retaliation, boosting market risk sentiment. • Trump-Putin ceasefire negotiations anticipated, potentially calming tensions in Ukraine and topping further upside for Silver prices. • Market participants look forward to major central bank meetings, particularly the US Federal Reserve interest rate decision, which may affect Silver’s trajectory. • Trade war fears rise, with tariff tit-for-tat between the US and its key trading partners underpinning Silver’s defensive allure. Silver remains a powerful investor draw as global uncertainties increase, beyond the usual concerns over inflation or interest rates. The latest attack on the USS Harry S. Truman aircraft carrier by Iran-backed Houthi forces has heightened fears in the Middle East, driving investors to safe-haven assets such as Silver. The United States has acted strongly, threatening to take further action against the Houthis, and the group has threatened further attacks, further increasing global concern. In times of such uncertainty, Silver is still a safer option for those looking for stability in the face of geopolitical tensions and increasing global threats. XAG/USD Daily Price Chart Chart Source: TradingView Concurrently, political changes around the world are influencing market mood. Hopes for a possible ceasefire in Ukraine have risen as former US President Donald Trump and Russian President Vladimir Putin are set to sit down for talks. Any developments in the negotiations could change the global risk perception and investment patterns. Furthermore, the prevailing issues of trade tensions and economic policy also add to the uncertain atmosphere. While the world waits for central bank rates decisions and major political events, Silver remains robust, still representative of the market’s call for protection and safety. TECHNICAL ANALYSIS Silver (XAG/USD) continues to be well-supported just shy of its five-month high at $34.00, indicative of strong bullish pressure. While small pullbacks have been seen, the trend structure is positive so long as the price remains above pivotal support areas. A persistent trend of higher highs and higher lows reflects ongoing buying interest, and any consolidation at current levels could act as a base for the next possible upward move. Traders will be closely observing a breakout above recent resistance, which would potentially open the way for further advances, while a fall below immediate support could initiate short-term corrections. FORECAST Silver could see further gains if geopolitical tensions continue to rise, particularly in the Middle East. Prolonged conflicts, like the recent Houthi raids and threats of counterattacks, are likely to maintain safe-haven demand strong. And if global trade war fears intensify or economic uncertainty grows, investors are likely to seek more recourse to Silver as a hedge, potentially driving prices above the recent five-month peak. A positive change of investor sentiment or dovish words from central banks, especially the US Federal Reserve, can also help a new upsurge in Silver prices. Alternatively, Silver’s advance may be opposed by a reduction in global tensions. Any good news from the expected ceasefire negotiations between Trump and Putin over the conflict in Ukraine can dampen safe-haven demand, potentially dropping Silver prices. In addition, if central banks, particularly the Federal Reserve, become more hawkish or if economic signals tend towards stability, then this could divert investor attention back towards riskier assets, and Silver may correct lower. A fall below crucial support levels may initiate additional profit-taking and increase short-term selling pressure.

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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 price recovery: Steadying into risk-off sentiment and trade tariff concerns

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  • February 3, 2025
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The gold price bounced back from its early slide as investors seek safety in the precious metal amid global uncertainty. The price climbed close to the $2,800 mark. Fears over US President Trump’s new trade tariffs on Canada, Mexico, and China have continued to fuel concerns of inflation and a slowing economy, further supporting the appeal of gold as a hedge. However, a strengthening US Dollar, fueled by speculation that the Federal Reserve may delay rate cuts, will continue to cap the upside potential for gold. As traders wait for key US economic data, particularly the ISM Manufacturing PMI, gold’s next moves will depend on whether it can maintain its momentum past the $2,800 level. KEY LOOKOUTS • New tariffs on Canada, Mexico, and China could increase inflation, driving more investors towards gold as a safe-haven asset. • The advance in the USD can put a top on gold upside, with continued strength in greenback through anticipation of further rate cuts from the Fed. • The next important resistance on gold prices would come at around $2,800. On breaking down, further fall will come into play, with a first significant support near $2,772. • US ISM Manufacturing PMI, coming this week, would be of extreme importance, since the numbers coming out from that might set direction for gold also. Gold prices are moving through a tough environment at the moment, as concerns over increasing inflation and the economic impact of US President Trump’s new trade tariffs on China, Canada, and Mexico underpin them. The tariffs have increased the apprehension of the slowdown in the economy, thereby making gold a safe haven to invest in. However, the strengthening US Dollar, which is gaining on expectations of delayed interest rate cuts by the Federal Reserve, may cap gold’s further upside. The traders are also keeping a close eye on key support levels around $2,772 and resistance near $2,800 as they await the release of important US economic data, including the ISM Manufacturing PMI, to determine gold’s near-term direction. Gold prices are recovering, driven by concerns over Trump’s trade tariffs and rising inflation, which bolster its safe-haven appeal. However, a strong US Dollar and upcoming US economic data, particularly the ISM PMI, could limit further gains. Traders are watching key levels around $2,800 for signs of continued bullish momentum. • Gold has climbed back toward $2,800 after an intraday dip, supported by risk-off sentiment and concerns over economic fallout. • New tariffs on China, Canada, and Mexico increase inflationary pressures, making gold more attractive as a hedge against inflation. • The USD continues to rise, supported by the expectation that the Federal Reserve may delay interest rate cuts, which may cap the upside for gold. • Trade war fears and geopolitical tensions continue to fuel demand for gold, supporting its upward movement. • Gold is finding support around $2,772 and if broken below, this level will likely lead to another decline toward $2,755 and $2,720. • Gold faces an immediate resistance in the $2,790-$2,800 area, with a next major hurdle near the all-time high of $2,817. • Traders would be waiting for the US ISM Manufacturing PMI that will give an update on the economic health status and its impact on the direction of the gold price. Gold prices have recovered some lost ground lately, and are climbing back toward the $2,800 mark as market sentiment remains dominated by concerns over US President Trump’s new trade tariffs on China, Mexico, and Canada. The tariffs are feared to fuel inflation, which in turn fuels gold’s appeal as a hedge against potential economic fallout. The trade war concerns also curb the risk appetite of investors, pushing them to move towards the safe haven status offered by gold. However, while these factors remain in favor of gold, the strengthening US Dollar, which gained momentum due to speculations of the Federal Reserve delaying interest rate cuts, would cap the precious metal’s rally. XAU/USD Daily Price Chart Sources: TradingView Prepared by ELLYANA Key technical levels remain under close attention, and a support level that has been quite pivotal is at $2,772. If this support breaks, then gold may witness additional falls toward $2,755 or $2,720. Resistance may come in around $2,790-$2,800. This all-time high of $2,817 presents a formidable obstacle. This week, crucial US economic indicators will be announced, including the ISM Manufacturing PMI, with traders now awaiting more evidence regarding the near-term direction for the economy. It’s still a careful market, for any change in the macro can take gold both ways. TECHNICAL ANALYSIS Technical analysis on gold shows a few key points of support and resistance that are going to set the short-term price action of gold. Here, gold is testing the lower support level at $2,772, which has been the point of a lot of play in its price action. Breaking below this point could take the price further downwards to $2,755 or $2,720. On the upside, immediate resistance is $2,790-$2,800, and all-time high around $2,817 is a significant hurdle. Technical indicators such as moving averages and oscillators begin to suggest a continuation of the uptrend as long as gold can hold above its key support. Traders pay careful attention to these levels and wait for potential breaks or reversals. FORECAST Gold may continue its upward trend if geopolitical risks and trade tariff concerns continue to exist, as these will fuel demand for safe-haven assets. As the US Dollar remains strong, it may push gold into a resistance zone between $2,790 and $2,800, potentially leading to new highs if market uncertainty grows further. Moreover, any bad news about inflation or economic stability may further help gold to be a hedge again, and hence the uptrend stays alive. So if gold takes out the resistance level of $2,800 and sustains an upward course, the next stop may be the all-time high at around $2,817. On the flip side, if the US Dollar continues to rise as it expects that the Federal Reserve would delay its

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