Gold (XAU/USD) remains in a well-defined range between $3,320 and $3,350 at the time of writing on Tuesday, amid a looming tariff deadline and potential trade deals.
US President Donald Trump's consistent tariff threats have temporarily muted demand for the yellow metal while supporting the demand for the Greenback. The president has announced new tariffs on countries, with Japan at 25% and South Korea at 30% standing out. He has also given a new deadline, August 1, instead of July 9.
The yellow metal is down 0.43% intraday, and the lack of conviction reflects ongoing indecision amid conflicting macro forces and stable US Treasury yields.
The recent price action has been defined by a series of lower highs and higher lows, compressing into a classic triangle structure on the daily chart. This pattern typically precedes a sharp directional move, but the breakout trigger remains elusive.
While safe-haven demand offers some underlying support, stronger-than-expected US labor market data and hawkish Federal Reserve (Fed) expectations have capped any upside extension for Gold.
Source: Fxstreet
Gold hovered around $3,360 per ounce on Friday, following two straight sessions of losses amid easing trade tensions and rising risk appetite. Investors continue to monitor progress in tariff negotiat...
Gold prices fell for a second straight session on Thursday (July 25), as signs of easing global trade tensions dampened demand for safe-haven assets. Spot gold fell 0.5% to $3,370.69 an ounce, as of ...
Gold fell as the latest US jobs report showed strength in the labor market, reinforcing the view that the Federal Reserve will maintain interest rates for the time being. US unemployment benefit appl...
Gold price (XAU/USD) trades almost 0.7% lower around $3,360 during the European trading session on Thursday. The precious metal faces a sharp selling pressure as global trade worries have eased amid h...
Gold prices fell further on Thursday, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar. Spot gold was down 0.2% at $3,379.69 per ounce, as of 0...
The Hang Seng Index started the day with a decline of 135 points, or 0.53%, settling at 25,531 points. The China Enterprises Index dropped 41 points, or 0.45%, to 9,216 points, while the Hang Seng Tech Index fell 29 points, or 0.51%, to 5,713...
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory for the second consecutive day around 97.55 during the Asian trading hours on Friday. Investors...
The Australian dollar fell to around $0.658 on Friday, extending losses from the previous session as investors remained cautious ahead of key inflation data due next week. Both monthly and quarterly inflation figures are set to be released, which...
European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US...
European stocks closed lower for a third session amid persistent concerns about US tariffs. The Eurozone STOXX 50 index fell 1% to 5,288, and the...
US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170...
Indonesia's sovereign wealth fund, Danantara, plans to sign a USD 8 billion engineering, procurement, and construction (EPC) contract with US...