The price of gold presers stubborn prejudices close to record height, because commercial voltages raise secure demand

The price of gold still attracts secure flows in connection with growing trading voltages.
Bushing the Fed rate reduces USD bulls on defense, and also give support.
Traders are now looking for a US price indicator for a significant impulse.

The price of gold (Xau/USD) is scaled higher on the second day in a row on Friday-also establishing the third day of positive traffic in the previous four-and and goes to the fresh peak of all time, around 3,077-3 078 USD during an Asian session. The persistent uncertainty about the so -called US President Donald Trump’s tariffs and their impact on the global economy burden the mood of investors. This is due to the generally weaker tone around capital markets, which in turn drives secure flows towards precious metal.

Meanwhile, he is worried that economic growth significantly slows down due to Trump’s aggressive policy, can force federal reserves (FED) to resume the rate cycle. This, in turn, does not facilitate the American dollar (USD) in attracting significant buyers and turns out to be another factor underlying the inflexible price of gold. After saying, the somewhat concluded conditions stop the Xau/USD bulls from placing fresh plants before issuing the price of personal personal consumption (PCE).

Daily Digest Market Movers: The price of gold attracts secure flows among the growing global commercial tensions

US President Donald Trump announced on Wednesday a 25% tariff for imported cars and airy trucks, which are to apply on April 3, expanding the global trade war and investors’ appetite with a temperament of more risky assets.
This occurs with a flat 25% tariff for steel and aluminum and the upcoming Trump tariffs next week, which raises uncertainty and raises the price of gold secure gold at a fresh record level.
Meanwhile, the markets are now valued as the possibility that the Federal Reserve (FED) will again reduce the cost of the loan at the June political meeting in connection with the concern about the US economic slowdown based on tariffs.
The bulls of the American dollar seem rather intact by better than expected American Macro data published on Thursday and mainly hawks comments of FED officials, giving additional support of the Xau/USD couple.
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Adding to this, the Department of Work of the United States said that the number of US citizens submitting up-to-date applications for unemployment insurance contributed to 224 thousand. Compared to the changed number of 225 thousand From the previous week.
President Richmond Fed, Tom Barkin, said that the current moderately restrictive monetary policy is suitable for the environment with abnormal uncertainty and rapid changes in the US government policy.
Adding to this, President Boston Fed Susan Collins warned that the aggressive trade policy of Trump’s administration would raise US inflation, but it is not clear how sturdy pressure will be.
Hence the focus on the release of the US personal consumption price indicator (PCE) or the preferred FED inflation indicator, later at the early North American session.
Investors will examine key data to assess the trajectory in terms of further rates of rates, which will affect the dynamics of USD prices and provide a up-to-date impulse for the inflexible yellow metal.

Golden bull prices could stop from respite among the overcrowded conditions on the daily table

From a technical point of view, stubborn immunity this week near a 3000 USD psychological sign and later movement suggests that the path of the lowest resistance for gold remains depending. After saying, the relative force indicator (RSI) on the daily table is already flashing with the conditions and justifies caution. Therefore, it will be reasonable to wait for compact -term consolidation or modest withdrawal before the extension position of a well -established growth over the past three months.

Meanwhile, each repair slide now seems to attract some buyers with a dipstick near the horizontal zone in the amount of 3 050-3 048. This should facilitate limit the minus gold price near the region 3 036-3 035 USD. However, lasting breaks below the latter may lead some technical sales and drag Xau/USD below 3,020-3 019 USD indirect support, back towards the 3000 USD mark. The holder should act as a key point for compact -term traders, which, if it has definitely broken, should pave the way for a significant decline in the near future.