Gold Daily | Spot Gold Retreats Amid Strong Dollar and Trade Optimism, Faces Technical Resistance

Generado por agente de IAAinvest Market Brief
sábado, 26 de julio de 2025, 8:00 am ET1 min de lectura
【Latest Gold Price and Recent Trends】

Gold prices experienced volatility this week, starting strong but eventually retreating. The latest spot gold price dropped to $3,340 per ounce after reaching a weekly high of $3,433. Recent trends are impacted by shifting market sentiment, trade negotiations, and a strong dollar.

【Technical Analysis】

Gold has repeatedly failed to break the $3,400 resistance, indicating high selling pressure. Analysts suggest that if gold falls below the 50-day moving average, it might enter a correction phase, with support targets between $3,150-$3,050 per ounce.

【Market Sentiment and Economic Background】

Market sentiment is mixed, as traders react to trade agreements and economic indicators. The dollar's rebound, along with optimistic trade negotiations, has weakened gold's safe-haven demand. Investor anticipation of the Fed maintaining interest rates also pressures gold, as does the expectation of positive economic data, including employment figures.

【Analyst Opinions】

Analysts have divergent views. While some anticipate short-term bearish movement due to trade optimism, others believe in gold's resilience as a hedge against uncertainty. State Street's Aakash Doshi views any price dips as buying opportunities, given gold's fundamental strength. Meanwhile, Phillip Streible notes that Federal Reserve policy could play a critical role in future gold price movements, with potential inflows if economic data disappoints.
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Ainvest Market Brief

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