The price of gold is reflected every day after China denies negotiations on tariffs; keeps red slightly above 3300 $

The price of gold attracts fresh sellers on Friday, because a positive tone of risk undermines secure assets.
The appearance of some USD purchases additionally exerts pressure down to precious metal.
Geopolitics, uncertainty related to trade and fed tet tet of reduction rates limit losses for the Xau/USD couple.

The price of gold (Xau/USD) regains slightly from the daily low level and climbs above USD 3300 in the last hour, although it maintains negative prejudice in the first half of the European session on Friday. The Ministry of Foreign Affairs in China has denied all negotiations from the USA on tariffs, maintaining an optimism lid on markets and providing some support to secure precious metal. In addition, the prolonged Russia-Ukraine war keeps a geopolitical risk bonus in the game and helps reduce the minus of humidity.

In addition, the perspectives of a more aggressive policy of facilitating the Federal Reserve (FED) justify caution before they put the aggressive Bear plants around the blurred gold price. Investors, however, hope for potential deescitation of commercial tensions between the two largest hosts in the world, which remains generally supporting a positive tone around capital markets. This, along with the modest strength of the American dollar (USD), stops traders from placing fresh stubborn plants around the Xau/USD pair.

Daily Digest Market Movers: The price of gold can attract support from US-China’s commercial uncertainty, geopolitical risk

Investors hope for the potential de-escalation of the US-China trade war, which operates on Friday the wind in secure gold. In fact, US President Donald Trump said on Thursday that commercial talks are underway between the USA and China.
In addition, China apparently replace their 125% tariff for some US imports. However, the Minister of Foreign Affairs in China claimed that commercial negotiations did not take place, emphasizing uncertainty and acting as a wind on precious metal.
The American dollar draws some support from mainly bullish macro data published on Thursday. In fact, the United States Department of Work announced that the initial unemployment claims increased to 222,000 in the week ending on April 19 and indicated further resistance of the labor market.
The office of the universal census in the US announced that orders for indefinite goods increased in March by 9.2%, beating 2% forecasts and marking the third enhance in a row. Transport equipment also increased over the third month, increased by 27%.
Meanwhile, the duo of federal reserve officials soon discussed readiness for potential interest rates. In fact, President Cleveland Fed Beth Hammack said that the reduction of the rate as soon as June could be possible if clear and convincing data on the economic direction was obtained.
Separately, Fed Christopher Governor said Bloomberg in an interview that he would support the stakes if the tariffs began to weigh on the labor market. In addition, traders still value the possibility that the FED will reduce the cost of the loan at least three times by the end of this year.
On the geopolitical front, the Russian rocket attack on the capital of Ukraine, Kyiv, killed at least twelve people and hurt dozens. It was one of the most deadly strikes, since Russia began an invasion on a full scale over three years ago and maintains a geopolitical risk bonus in the game.
Traders are now waiting for the released index of consumer moods in the USA. In addition, trade -related changes can affect USD, which, along with a wider risk mood, can give tiny -term trade opportunities around the Xau/USD couple.

The price of gold shows resistance below 38.2% fibo. level; A weekly swing around the 3260 USD area contains a key for bulls

From a technical point of view, a good reflection from the weekly low touch on Wednesday was struggling near the 23.6% of the level of recovery of Fibonacci the latest leg up from the middle of $ 2,900 or a monthly swing. The mentioned barrier is established near the region 3 368-3 370 USD, which should now act as a key key point. Considering that oscillators every day chart They stick to a positive territory, the ongoing strength should allow you to recover the gold price of USD 3,400. Later upward movement probably extends to over 3425–3 427 USD indirect obstacles, above which bulls can make a fresh attempt to overcome a psychological sign with a value of USD 3500.

On the other hand, weakening below USD 33,300, approaching 38.2% fibo. The level could already prepare the stage for the slide towards the weekly swing, about USD 3,260. The convincing break below the latter should pave the way to resume rejection this week from the 3500 USD mark or the summit of all time. The price of gold can then accelerate the decrease in the direction of 50% of the withdrawal level, about USD 3225, on the way to the sign of USD 3,200. Another sales suggest that precious metal has achieved dependence and changed tiny -term prejudices for the Bear of Traders.

Frequently inflicted by American-chin

In general, the trade war is an economic conflict between two or more countries due to extreme protectionism at one end. This means creating trade barriers such as tariffs that cause a counterattack, escalating import costs, and thus maintenance costs.

The economic conflict between the United States (USA) and China began at the beginning of 2018, when President Donald Trump established trade barriers for China, claiming that unfair commercial practices and theft of intellectual property from the Asian giant. China took retaliation, imposing tariffs on many American goods, such as cars and soy. The tension escalated until both countries signed trade agreements in the American-Chinese phase in January 2020. The agreement required structural reforms and other changes in the Chinese economic and commercial system and pretended to restore stability and trust between two nations. However, Coronevirus’s pandemic focused on the conflict. It is worth mentioning, however, that President Joe Biden, who took office after Trump, kept the tariffs and even added additional fees.

The return of Donald Trump to the White House as 47. The US president caused a fresh wave of tension between two countries. During the election campaign in 2024, Trump undertook to impose a 60% tariff on China after returning to the office, which he did on January 20, 2025. With the return of Trump, the trade war in the USA-China is aimed at resuming where it remained, with the principles of Tatat, influencing the global economic landscape among the global resources, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which Especially investments, as well as directly nutrition in indexing consumers.