Gold slightly higher as markets are preparing for the term tariff

Gold maintains the ground above 3020 USD after a Friday inheritance.
Markets look at the chances of US President Trump to relieve the tariffs until April 2.
Gold is still served in the 3000 USD region, although pressure is built on more disadvantages.

The price of Gold (Xau/USD) stabilizes nearly USD 3,030 at the time of writing on Monday, when traders evaluate fresh tariff headers at the weekend. Messages arising that Trump’s administration will soften a wide range of tariffs imposed on April 2, signs relief in the markets. Instead, the President of the United States (USA) Donald Trump is looking for more targeted tariffs for specific sectors for the country or region.

This helps to alleviate the fear of wide mutual tariffs. The idea of these tariffs is to make companies return to the USA again. However, 25% of the tariff is not high enough for the corporation supply chains to be unstable, and the Trump administration would actually have to impose import taxes in the amount of perhaps 100% to 200%, and also offer vast government subsidies so that companies revive their production, Marketwatch reports.

Daily Digest Market Movers: takeover sector

Gold Fields based in Johannesburg said on Monday that she had presented a non -binding proposal to buy Gold Road Company for $ 3.05 Australian (AUD) shares in cash on March 7, valuing its capital at 3.3 billion audit and which means the total value of an enterprise in the amount of 2.4 billion aud. The Gold Road council rejected the offer, informs Bloomberg.
Chinese metal manufacturer Zijin Mining Group Co. The shares increased by more than 5% after the company recorded a record profit from rising gold and copper prices. Increased global economic and geopolitical risk, in combination with tariffs, boost uncertainty, said the company in a statement after net income increased by 52%last year. The growing demand for stock exchange funds (ETF), as well as purchases of central banks, will boost the bull at this year, Reuters informs.
According to American officials, American tariffs are more targeted on April 2 than the extensive ones. Bloomberg informs that traders remain cautious among officials in China and Australia about universal shocks for the global economy from US trade policy.

Technical analysis: unclear mutual tariffs

Soft comments about tariffs mean slightly less wind on the bull. Expect a certain pressure on gold, although the wind will not disappear completely. The tariffs will still come, and even if they are targeted and on the sector, it can still seriously affect the markets, and some countries, how long the range on full scale is not yet communicated.

As for the technical levels, at the time of writing gold stabilizes just above the end of the end of $ 3,023. Looking up, R1 Resistance is USD 3,046. If US President Trump withdrew earlier comments of American officials about the scope of tariffs, for example the current highest level in history in the amount of USD 3,057 may meet with a fresh test.

On the other hand, some red flags are growing because the INTRADAY S1 support is USD 2,998. This means that the 3000 USD mark is exposed and must act alone as great support. There is no defense line before him to make sure that any slowdown will be slowed down. Next, S2 support is USD 2,975.

Xau/USD: Daily Chart