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Gold rises for second consecutive day as trade tensions intensify
Thursday, 10 July 2025 19:08 WIB | GOLD |GOLD

Gold (XAU/USD) is ticking up slightly on Thursday, benefiting from escalating global trade tensions as recent tariff announcements from US President Trump have rekindled investors' appetite for bullion as a traditional safe-haven asset.

At the time of writing, XAU/USD is trading near $3,325, with persistent tariff threats – the latest targets were Brazil and Copper products – underpinning the Gold price in the short term.

Traders look ahead to the next fundamental catalyst, US Jobless Claims data, scheduled for release at 12:30 GMT. This report, published by the US Department of Labor, measures the number of individuals filing new and continuing claims for state unemployment benefits and can provide insights about the health of the US labor market.

Initial Jobless Claims are expected at 235,000, up slightly from 233,000 a week earlier, and Continuing Claims at 1.98 million. These figures are important labor market indicators given the Federal Reserve's data-dependent policy. Remarks from Fed officials Alberto Musalem, Christopher Waller, and Mary C. Daly will be scrutinized for potential policy signals later today.

Source: Fxstreet

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