The price of gold stops in the amount of $ 3,311

Gold does not operate Greenback’s slide to the level of February 2022 and the falling profitability of the treasure.
The sturdy American goods and unemployment page claims that the recession of Q1 GDP.
Trump can announce the successor of Powell until October, adding politics uncertainty to the Fed Outlook.

Złota withdraws on Thursday during the North American session, he did not gain adhesion among the session characterized by a delicate American dollar, which tests the levels recently observed in February 2022. Xau/USD trades for USD 33,331 and prints compact losses of 0.05%.

Yellow metal fights for a rally, although green is nearly three and a half years, and immersing in the US treasures. Solid economic data in the United States (USA) stopped the bull from progress, despite the fact that market participants overtook themselves a bit, valuing two rates at the end of 2025.

Data in the field of work in the US revealed that the number of Americans submitting applications for an unemployment claim was below forecasts, while orders for constant goods for May estimates. The final printing of gross domestic product (GDP) for Q1 2025 confirmed that the economy lost traction, shrinking more than expected and a greater margin than the previous number.

In addition, the Wall Street Journal article revealed that US President Donald Trump is considering nominating the next chairman of the Federal Reserve until September or October, which would replace Jerome Powell in eleven months. This would cause confusion among investors who would also have to review the comments of the nominee to Trump.

In addition, FED officials repeated some of Powell’s comments, including President Boston Fed Susan Collins, President Richmond Fed Thomas Barkin and Governor Michael Barr.

Daily Digest Market Movers: Gold Price Steadie among a delicate American dollar, crops falling from us

The price of gold was struggling because yellow metal trades nearly USD 3330 due to the de -escalation of the conflict of Israel and Iran.
A 10-year tax note in the US brings 4.259%, which is three base points (BPS). The American dollar index (DXY), which tracks the buck value of the BUCK value in relation to the basket of six peers, also dropped by 0.59% to 97.13.
According to the American Labor Department, the initial unemployed claims dropped to 236,000 in the week ending on June 21, below the earlier reading 245,000, as well as market expectations. Despite this, it is expected that the unemployment rate will raise when two of the last three weekly printouts were higher than the forecast.
Orders for fixed goods in the US increased in May, growing by 16.4% Mom – almost twice as much as the forecast by 8.5% – driven by a rapid raise in commercial aircraft orders. This meant a sturdy reflection from 6.6% of the fall of April.
Separately, the Economic Analysis Office announced that the US economy has shrunk more than initially estimated in the first quarter of 2025. GDP shrunk by 0.5% QOQ, compared to the previous estimation of the inheritance by 0.2%, as expected.
Boston Fed Susan Collins said there was not enough data to lower the rates at the July meeting. Richmond Fed Thomas Barkin revealed that tariffs are more likely that they raise inflation in the coming months. He added: “I do not expect that influence on inflation will be as significant as we have just experienced.”
Cash markets suggest that traders value at 63.5 base points facilitating at the end of the year, in accordance with the main data of market terminals.

Source: Main market terminal

XAU/USD Technical perspectives: The price of gold rises nearly USD 3330

The price of gold remains up, although it floats near the 50-day straight movable average (SMA) after USD 3322. The relative force indicator (RSI) indicates that the shoot has changed slightly, and the price reaches higher heights and higher minima, which can pave the way to traffic to the side.

For stubborn continuation, Xau/USD must raise after USD 3,400. The following key resistance levels are before USD 3,450, followed by a record level 3,500 USD. And vice versa, if Xau/USD drops below USD 3300, the first support would be the lowest level of May 29 of $ 3,245 and USD 3,200.

Gold often asked questions

Gold played a key role in human history because it was widely used as a magazine of values and an exchange medium. Currently, in addition to gloss and the operate of jewelry, precious metal is widely seen as a protected resource, which means that it is considered a good investment during turbulent time. Gold is also commonly perceived as protection against inflation and against the cushioning currencies, because it is not based on any specific issuer or government.

Central banks are the largest owners of gold. In order to support their currencies in turbulent times, central banks tend to diversify their reserves and buy gold to improve the perceived force of the economy and currency. High gold reserves can be a source of trust in the solvency of the country. Central banks added 1136 tons of gold worth about $ 70 billion to their reserves in 2022, according to world gold data. This is the highest annual purchase from the beginning of records. Central banks from emerging economies, such as China, India and Türkiye, quickly raise their gold reserves.

Gold has a reverse correlation with the US dollar and the American treasure, which are both the main reserves and safer resources. When the dollar absorbs, gold increases, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. The rally on the stock exchange tends to weaken the price of gold, while the sale in more risky markets favors precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fear of a deep recession can quickly raise the EskaLA gold prices due to its protected status. As a homeless resource, gold grows at lower percentage rates, while the higher cost of money is usually burdened with yellow metal. Despite this, most of the movements depend on how the US dollar (USD) behaves when the resource is valued in dollars (Xau/USD). This sturdy dollar tends to maintain the price of gold price, while a weaker dollar can raise gold prices.