- The price of gold attracts some buyers with dips on Tuesday, although the growth is not stubborn.
- Fed rates reduce plants, fiscal fears in the USA and geopolitical risk support goods.
- The appearance of purchasing and commodity optimism to the Xau/USD pair.
The price of gold (Xau/USD) collection from around USD 3300 and trades with diminutive end -up losses, who are going to the European session on Tuesday. Investors remain on the edge when US-China trade talks stretch the next day in London, which, along with persistent geopolitical risk, act as a wind in a sheltered place. In addition, the factory that the Federal Reserve (FED) will lower interest rates in 2025, it turns out that it is another borrowing support for the inflexible yellow metal.
Meanwhile, the American dollar (USD) tries to utilize in Śródddzka, and remains circumscribed to a known range similar to the lowest level from April 22 among concerns about the deterioration of the fiscal situation in the USA. This additionally benefits the price of gold and contributes to recovery in the dormitory. Traders, however, seem reluctance and can decide to wait for the numbers of consumer inflation in the US, justifying caution before setting the extension of the XAU/USD pair from day to day from the weekly lowest level.
Daily Digest Market Movers: The price of gold attracts sheltered flows among nervousness before US-China trade talks
- Chinese and US officials are expanding the up-to-date round of commercial conversations in London on the second day on Tuesday, driving hopes for a contract between the two largest hosts in the world. This remains to support a generally positive risk tone and causes fresh sales around the price of gold in sheltered gold during the Asian session on Tuesday.
- The stronger than expected report of American American wages (NFP) published on Friday suppressed hopes for direct interest rate reduction by the federal reserve this year. This helps the American dollar in regaining positive adhesion and turns out to be another factor that contributes to the flow of driving from the inflexible yellow metal.
- However, the Fedwatch of the CME Group indicates that traders still value almost 60% of the chances that the American central bank will reduce interest rates at the September monetary policy meeting. This, along with the fears about the financial health of the US government, does not lend a hand USD in using its endowy.
- On the geopolitical front, Russia introduced a huge raid in Ukraine and launched almost 500 drones and missiles. This means further escalation of the conflict in the three -year war and can stop the Xau/USD bears from erecting aggressive plants in the absence of relevant data that enter economic data from the USA.
- The US consumer price indicator (CPI) and the manufacturer’s price index (PPI) are to be issued on Wednesday and Thursday, respectively. Key inflationary data should provide some tips on the future path of cut Fed, which in turn drives USD demand and will provide a significant impulse to the goods.
The price of gold will probably have a stiff resistance and will remain circumscribed near the region 352-3 353 USD
From a technical point of view, the night does not find approval over 200-hour straight movable medium (SMA) and another slide are favored by Xau/USD bears. In addition, oscillators on the hourly charts gain negative adhesion and supported the case of further endocrine losses. Some subsequent sales below 3294-3 293 USD or wearing at night will confirm the bears perspectives And make the price of gold susceptible to acceleration of falling in the direction of 3,246-3 245 USD (29 May swings) on the way to the 3200 USD district.
On the other hand, 100-hour SMA, currently established near the 3333-3.334 USD area, can still act as an immediate obstacle. Constant strength can also cause a compact movement in the endowal movement and raise the price of gold to USD 3.352-3 353 USD. The momentum can stretch further towards the resistance of USD 3377-3 378, which, if cleaned, should allow XAU/USD to a fresh attempt to overcome a round level of USD 3,400.
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.
