Gold prices rebounded after investors digested conflicting signals from the United States regarding the direction of its trade policy. President Donald Trump's statement that threatened tariffs were part of a negotiating strategy fueled renewed uncertainty in global markets. This has made gold, a safe-haven asset, popular again, despite a slight correction the previous day. Currently, gold is trading near $3,364 per ounce, reflecting market sentiment that remains cautious about US policy volatility.
Technically, gold's medium-term trend remains bullish, supported by a decline in the dollar index and market concerns over a potential escalation of trade conflicts heading into August. Although gold's rally has stalled in the past three months, analysts predict that the potential for a retest of record prices remains open, especially if geopolitical tensions or trade policies escalate. For now, the market appears to be in a consolidation phase, awaiting the next strong catalyst from economic data or major diplomatic developments.
Source: ayu-Newsmaker.id
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