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Commodities Gold

Gold Price Remains Steady Near $3,370 Due to Trade Jitters and Fed Uncertainty

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  • July 21, 2025
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Gold prices remain trading on a positive note near the $3,370 level due to safe-haven buying in the wake of increasing global trade tensions and uncertainty about the Federal Reserve’s interest rate trajectory. Investor anxiety regarding US President Donald Trump’s aggressive tariff policy, along with a modest pullback in the US Dollar, has reaffirmed the attractiveness of non-yielding assets such as gold. Yet, uncertainty regarding a lack of clear economic data and fear of a potential Fed pause in reducing rates has left traders cautious, with gold remaining in a temporary range. A breakout over $3,366 would indicate additional gains, while support is seen around $3,322. KEY LOOKOUTS • Look for a break above the $3,365–$3,366 resistance zone to affirm a bullish breakout to $3,400 and beyond. • Prime support is around $3,325–$3,322, with further downside dangers in case the price falls below $3,283. • Clashing signals on the Fed’s rate-cutting horizon—particularly during July–September—will continue to be a pivotal driver of USD and gold price action. • Increased trade tension, particularly in the wake of Trump’s threatened tariffs on large economies, can persist in fuel and sustained safe-haven demand for gold. The prices of gold are staying firm at the $3,370 level, underpinned by both safe-haven demand and a softening US Dollar amidst general trade uncertainty and mixed Federal Reserve rate-cut messages. Investors closely watch President Trump’s intensifying tariff threats, which are raising market anxiety and increasing the allure of gold. Meanwhile, the Fed’s conservative approach—between inflation fears and economic concerns—remains a nervous reckoning for traders, which caps strong bullish positioning. With little in the way of significant US data releases to start the week, market players are waiting for the breakout from the prevailing trading range to validate the next direction. Gold fluctuates at $3,370 as uncertainty regarding trade tensions and Fed rate cuts fuels safe-haven demand. A break above $3,366 might spur new gains, while support lies at $3,322. • Gold price is placed with a bullish bias near the level of $3,370 amidst persistent trade tensions. • Safe-haven demand is fostered by uncertainty regarding Trump’s planned tariffs on large economies. • The US Dollar continues to weaken due to conflicting Fed rate-cut expectations. • Markets think the Fed might push back rate cuts until September even after dovish rhetoric. • Technical resistance is around $3,365–$3,366; a breakout might see $3,400 and $3,434. • Support lies at $3,325 and $3,283 with further losses possible below $3,247. • Absence of significant US economic data leaves eyes on global PMIs and trade news. Gold prices remain supported by global economic and political uncertainty, led by U.S. trade policy. Market participants are still wary as President Donald Trump’s suggested tariffs on several major economies—including a possible 15% to 20% tax on the European Union—spook investors about inflation and supply chain interruptions. These events have further strengthened gold’s safe-haven status as investors increasingly turn to the precious metal in a backdrop of increasing geopolitical tension and economic uncertainty. XAU/USD DAILY PRICE CHART SOURCE: TradingView Aside from this, the US Dollar began the week on a weak note, under pressure as there were conflicting views from Federal Reserve officials on when to cut interest rates. While there are some Fed members favoring a reduction in rates as soon as July, others are urging that the cut be done by September, confusing the market. With inflation fears growing because of increased import costs, the Fed’s next step is far from clear, again spurring investor demand for gold as insurance against possible policy errors and economic turmoil. TECHNICAL ANALYSIS Gold is at the higher end of a well-established short-term range, with resistance at the $3,365–$3,366 area. A decisive and persistent breakout higher here can serve as a catalyst for bulls’ momentum, taking prices up towards the psychological level of $3,400 and subsequent major resistance around $3,434–$3,435. At the lower end, near-term support lies at $3,325–$3,322, with a further decline below $3,283 potentially risk-justifying a more significant correction to the $3,248–$3,247 area, tilting near-term sentiment towards bears. FORECAST If gold is able to push past the $3,366 resistance level with significant buying volume, it would represent the beginning of a new bullish leg. The immediate next target would be the psychological $3,400 level, then the $3,434–$3,435 resistance area. This move would most likely be driven by continued weakness in the USD, dovish Fed rhetoric, or additional geopolitical risks, specifically those involving international trade policies. Strong and steady gains might draw in technical buying and propel gold towards new multi-week highs. Conversely, a failure to break above the current resistance may lead to a pullback towards the $3,325–$3,322 support area. A break below this level could see more downside towards $3,283, and in the event of intensified selling pressures, prices could fall towards the June low of around $3,247. A stronger US Dollar, hawkish Fed news, or the relaxation of global tensions may cap safe-haven demand and spell a bearish change in gold’s near-term outlook.

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Commodities Gold

Gold Price Holds Above $3,300 Amid Tariff Tensions and Fed Policy Uncertainty

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  • July 8, 2025
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Gold prices remain resilient above the $3,300 level amid a complex mix of global economic and political factors. While diminishing hopes for a July Fed rate cut and Trump’s renewed tariff threats exert downward pressure, ongoing concerns over US fiscal stability and rising global risk aversion continue to support safe-haven demand for the yellow metal. US Dollar volatility contributes to the uncertainty, with gold prices stuck in a trading range until the more definitive indications from the FOMC meeting minutes ahead. There were no major economic data releases and market sentiment is being shaped predominantly by geopolitical events and US monetary policy expectations. KEY LOOKOUTS •  The issuance of tariff deadline extensions and aggressive threats against BRICS-aligned countries are intensifying concerns of international trade disruption, weighing on market sentiment. • Increasing expectations of sustained high interest rates based on expected inflation from tariffs are dampening gold’s potential upside. • As the USD reached a two-week high, fiscal worries and risk aversion are limiting further advances, providing minimal support for gold prices. • Resistance at $3,347–$3,360 and support at $3,295–$3,270 are key levels to watch for traders as gold looks for direction in a muddled fundamental environment. Gold prices are under modest pressure but stay firm above the $3,300 level as markets absorb mixed signals on the global and domestic fronts. The fading prospects of a July Fed rate cut due to inflation fears fueled by Trump’s brash tariff policy is limiting the non-yielding metal’s upside momentum. Yet safe-haven demand remains as a result of mounting geopolitical tensions, doubt over US fiscal health, and widespread risk aversion across global equity markets. Meanwhile, a weakening US dollar acts to offset gold’s losses, with market players now looking to the coming FOMC meeting minutes for clearer direction on the Federal Reserve’s policy direction. Gold price lingers near $3,300 as markets balance ebbing Fed rate-cut hopes against increasing global risk aversion. Tariff threats by Trump and a tempered US Dollar cap losses, holding gold firm in advance of key FOMC minutes. •  Gold holds above $3,300 despite small intraday declines, buoyed by safe-haven demand. •  Ebbing hopes for a July Fed rate cut weigh on the non-yielding metal due to inflation worries. •  Trump’s prolonged tariff threats against BRICS-aligned countries increase global economic insecurity. •  The US Dollar hit a two-week peak but finds it difficult to rise further on fiscal and trade-related concerns. •  Insufficient aggressive bearish bets on gold indicate investors remain cautious amid conflicting market cues. •  Technical resistance around $3,347–$3,360 caps upside, whereas support at $3,295–$3,270 remains pivotal. • Market attention turns to FOMC minutes for more precise guidance on the Fed’s next rate trajectory and USD direction. Gold prices are stable above the $3,300 level as investors remain conservative in light of increasing global uncertainties. US President Donald Trump’s return to threats to impose higher tariffs—particularly on nations aligning with BRICS—has renewed apprehension regarding global trade disruptions and inflation. This change in trade policy has not just shaken market sentiment but also made it more difficult for the Federal Reserve’s strategy, as policymakers might now be required to hold higher interest rates for a longer period than expected to suppress inflationary pressures. XAU/USD DAILY PRICE CHART SOURCE: TradingView Simultaneously, the US Dollar has also indicated strength but is held back by perceptions related to the fiscal health of the country and the general impact on the economy of tariff hikes. The dearth of specific economic data during the early part of the week has kept markets focused on wider geopolitical events and future policy guidance from the Federal Reserve. Here, gold is still taking advantage of its safe-haven demand, as global equities are experiencing distress and investor sentiment remaining weak. TECHNICAL ANALYSIS Gold is running into resistance at the $3,347-$3,348 level, which is around the 100-period Simple Moving Average (SMA) on the 4-hour chart. A continued advance beyond this level may trigger short-covering and send prices to the $3,360 supply zone, with a break-out opening up the psychological $3,400 mark. To the downside, near-term support is in the $3,300–$3,295 area, which has thus far managed to cap further declines. A firm fall through this level may fan selling pressure, leading the metal to the next major support at $3,270, and even lower down to June’s low around $3,247. FORECAST If gold can clear the near-term resistance at $3,348 and hold on for more than the $3,360 supply zone, it may signal a bullish breakout. This could draw in new buying interest, creating a short-term rally toward the $3,400 psychological level. Ongoing global risk aversion, ongoing geopolitical tensions, or any dovish comments from the upcoming FOMC minutes could further fuel the upside path for gold. On the other hand, if gold is unable to sustain the $3,300–$3,295 support level, it can expect to come under more selling pressure. A firm break below the range can pave the way to the $3,270 support level, and more losses can bring the price down to the June swing low of approximately $3,247. A stronger US Dollar, hardline Fed perspective, or decline in global tensions can serve as triggers for this bearish move.

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Commodities Gold

Gold Prices Fall Back from Two-Month Highs Due to Geopolitical Tensions and Uncertainty over Fed Policy

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  • June 16, 2025
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Gold prices fell back slightly after hitting almost a two-month high during the Asian session, as a upbeat risk appetite in equity markets took its toll on the safe-haven commodity. In spite of the decline, persistent geopolitical tensions in the Middle East, especially the renewed hostilities between Israel and Iran, still provide support for gold. Also, market participants are holding back in the lead-up to the next Federal Reserve policy meeting, due to give new guidance on interest-rate reductions with evidence of easing U.S. inflation. As a moderate gain in the U.S. dollar places a limit on further advancement, overall gold’s downside is circumscribed, technicals indicating that any slide will offer new buying opportunities. KEY LOOKOUTS • Markets are waiting for the Federal Reserve’s interest rate prognosis, and this may have a strong impact on the U.S. dollar as well as gold prices. • The Israeli-Iran conflict persists in offering safe-haven support to gold amidst general market uncertainty. • Any major movement in the USD, particularly around its recent lows, could have a direct bearing on direction of gold prices. • Major resistance is at the $3,452-$3,500 level, and support around $3,400 and $3,360 levels of the uptrend channel. Gold prices have softened slightly after hitting a two-month high, weighed down by the positive sentiment in Asian equities. Nevertheless, the metal still finds support in heightening Middle Eastern tensions and ongoing global trade uncertainty. Investors are also eyeing closely the next Federal Reserve policy meeting, which may give new signals about future interest rate cuts as there were signs of slowing U.S. inflation. Although the U.S. dollar’s modest recovery has limited some of gold’s advances, the downside is still constrained as traders remain jittery in anticipation of major economic and geopolitical events. Gold prices drop back from two-month high as Asian stocks climb, but safe-haven buying continues amidst tensions in the Middle East. FOMC meeting awaited for direction on prospective U.S. interest rate cuts, capping the downside for gold. • Gold prices decline slightly after reaching a two-month high in Asian trading. • Encouraging risk appetite in the equity markets suppresses the safe-haven demand for gold. • Geopolitical tensions between Iran and Israel continue to underpin gold prices. • Traders tread carefully in anticipation of next week’s FOMC policy decision. • The Federal Reserve is likely to leave the rates unchanged but is likely to indicate future cuts as inflation weakens. • The U.S. dollar gets a modest boost, capping gold’s near-term upside. • Key levels are resistance at $3,452-$3,500 and support at $3,400-$3,360. Gold prices are seeing mild pressure after they hit their highest level in almost two months. The positive mood in the Asian equity markets has somewhat reduced the allure of the safe-haven metal. Nevertheless, the prevailing geopolitical tension between Iran and Israel remains a driving force for investor demand for safer assets. The military skirmishes between the two countries have intensified, with both sides firing at each other, contributing to global market anxiety and sustaining gold in general support. XAU/USD DAILY PRICE CHART SOURCE: TradingView In the meantime, attention is turning to next week’s Federal Reserve policy meeting. The central bank is expected to keep interest rates on hold but investors are seeking clues over potential future cuts after inflation slowed and the economy was shown to have pockets of weakness. The Fed’s guidance will be influential in setting up expectations for the rest of the year, and any dovish sentiments can further impact the U.S. dollar and, consequently, gold prices. TECHNICAL ANALYSIS Gold broke above the $3,400 threshold recently, indicating bullish vigor underpinned by the development of a rising trend channel on short-term charts. Bulls are still in control according to positive oscillators on the daily chart, and resistance is found at the $3,452-$3,453 levels. A distinct breakout above this level could potentially lead to a retest of the all-time high around the $3,500 psychological level. On the other hand, any pullback would likely find firm support around $3,400, and a sustained fall below $3,360 would invalidate the bullish setup, and it could switch the near-term bias towards sellers. FORECAST Should gold be able to break over the recent high in the $3,452-$3,453 region, it would potentially set the stage for a challenge of the psychological $3,500 mark. A convincing move above this obstacle might invite new buying interest and drive prices still higher, potentially continuing the current bullish trend. Ongoing geopolitical tensions or a dovish Federal Reserve comment could serve as catalysts for sustained upside momentum. On the negative side, nearest support is seen at the $3,400 level, and subsequent weakness could push gold down towards the $3,360 zone, which is the lower end of the current uptrend channel. A move below this level with some conviction would change market sentiment and attract more selling pressure, potentially creating a more severe correction in the near term.

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Commodities Gold

Gold Glitters at Record Highs as US-China Trade War and Fed Cut Speculation Fuel Rally

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  • April 11, 2025
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Gold prices are climbing near record highs at about $3,220 as tensions in the US-China trade war escalate and speculation of Federal Reserve rate cuts rises to drive demand for the safe-haven metal. The US Dollar remains weakening, and foreign investors find gold increasingly appealing, while softer-than-anticipated US inflation readings have made the case for monetary easing as early as June even stronger. In spite of a brief tariff reprieve for most US trading partners, the sudden spike in tariffs on Chinese imports has increased market uncertainty, further boosting gold’s bullish trend. With technicals signaling further upside, gold may be set to test the $3,250–$3,300 level in the near term. KEY LOOKOUTS • Momentum remains positive as the metal teases lifetime highs. A break above $3,250 on a sustained basis could set the stage for $3,300 and higher. • Weaker US inflation data spurs speculation of Fed rate cuts from June, with markets pricing up to 100 bps of cuts by year-end. • China’s retaliatory duties and the aggressive tariff increase of Chinese products by the US are escalating worldwide economic concerns, fostering safe-haven demand. • The DXY keeps declining, trading close to 100.20, as investors respond to trade volatility and mixed economic signs. Gold prices still fluctuate around historic highs at $3,220 with market sentiment remaining fueled by a combination of economic and geopolitical issues. The increasing US-China trade war, defined by reciprocal tariff increases, has increased worldwide uncertainty, prompting investors to turn towards safe-haven assets such as gold. While simultaneously, gentler-than-anticipated US inflation figures have enhanced hopes of Federal Reserve interest rate cuts beginning as early as June, fueling the rally of the metal even further. The weakening US Dollar, making gold cheaper for international buyers, joins the positive sentiment. With technical indicators still pointing toward upside space, gold may be in line to test the pivotal resistance point at $3,250 and possibly target $3,300 in the near term. Gold prices fluctuate near all-time highs of $3,220, supported by increasing US-China trade tensions and heightened hopes of Fed rate cuts. The weakening US Dollar and safe-haven demand still drive the bullish momentum of the metal. Focus now shifts to the $3,250 resistance level for the next break-out. • Gold prices are trading near all-time highs of $3,220 in the wake of increasing global uncertainty. • The heightening US-China trade conflict has prompted investor flight to safe-haven assets such as gold. • China responded with a 125% duty on US goods following the US imposition of a 145% charge on imports from China. • Weaker US inflation data has reinforced hopes of Federal Reserve interest rate reductions from June. • The US Dollar continues to deteriorate, making gold more desirable to foreign investors. • Policymakers at the Federal Reserve worry about reconciling inflation restraint with a weakening growth in the economy. • Gold is still in high demand as a protection against economic and geopolitical uncertainty. Gold prices are attracting firm investor attention as worldwide economic tensions escalate, led by the deepening US-China trade war. The most recent round of tariff hikes — with the US increasing duties to 145% on Chinese imports and China hitting back with a sharp 125% tariff on US goods — has introduced a new degree of uncertainty into world markets. These trends have renewed fears of dampening global growth and possible dislocations in international trade, causing investors to flock to safe havens such as gold, which historically does well during periods of geopolitical tension. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Adding to the allure of gold is the changing economic outlook in the United States. Economic indicators most recently provided were softer than anticipated, solidifying expectations the Federal Reserve could start reducing interest rates as soon as June. The lower rates make assets that don’t pay interest, such as gold, more appealing since the cost opportunity of holding them is reduced. Coupled with a soft US Dollar and general concerns over economic deceleration, these forces are fueling rising demand for gold, making it a sought-after hedge in the uncertain world today. TECHNICAL ANALYSIS Gold is firmly bullish-trending, with the daily chart registering continuous upward momentum. The 14-day Relative Strength Index (RSI) is reaching overbought levels, indicating considerable buying interest yet potentially flashing signs of exhaustion if the rally is not paused. Key levels of support have moved higher, showing strong demand on dips. While near-term resistance is observed around the $3,250 psychological level, a decisive break above this level may spur a new round of buying demand. On the downside, any corrective falls are set to find support around $3,200 and lower still at the 21-day Simple Moving Average (SMA), which means the general trend is still very much in favor of bulls unless the levels are broken convincingly. FORECAST Gold is set to continue its rally in the near term courtesy of a combination of factors such as geopolitical tensions, the weakening US Dollar, and anticipated Federal Reserve rate reductions. If macroeconomic sentiment remains unclear and inflation keeps declining, gold may experience more investment inflows in search of shelter. A break above the psychological $3,250 level can pave the way for more advances, with the $3,300 level seeming like a reasonable medium-term objective. Ongoing safe-haven demand and global risk aversion might maintain pressure on the metal to rise. In spite of the powerful momentum, gold is subject to potential downside risk if any sudden pickup in US-China trade tensions or a better-than-anticipated recovery in US economic data were to occur. This would potentially lift the US Dollar and lower the chances of aggressive Fed rate cuts, both of which could become bearish for gold prices. On the other hand, if the ongoing rally is followed by profit-taking or technical indicators signal signs of being overbought, a short-term correction to $3,200 or even $3,000 cannot be eliminated. But such dips can be interpreted as buying opportunities, provided the overall economic situation remains weak.

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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 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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