Gold Daily | Spot Gold Rises Amid US-China Tensions, Safe-Haven Demand and Potential Rate Cuts

Generado por agente de IAAinvest Market Brief
jueves, 10 de abril de 2025, 8:01 am ET1 min de lectura
【Latest Gold Price and Recent Trends】

International gold prices surged due to escalating US-China trade tensions, briefly reaching $3130. Currently, spot gold is up 0.9%, trading around $3110, continuing the upward trend following a major rise yesterday.

【Technical Analysis】

According to Haresh Menghani from FXStreet, gold continues to attract safe-haven flows amid US-China trade tensions. The price could retest historical highs near $3168, supported by positive oscillators and trading above key moving averages. However, if gold falls below $3100, it may find support around $3060.

【Market Sentiment and Economic Background】

The trade war escalation and US tariff policies have driven investors to seek gold as a safe asset. With the US possibly cutting interest rates, gold's appeal in a low-yield environment remains strong. The US Federal Reserve's latest minutes indicate potential economic challenges, influencing gold's upward momentum.

【Analyst Opinions】

Nitesh Shah of WisdomTreeWTPI-- suggests that gold will continue to rise due to global uncertainties. Bart Melek from TDTD-- Securities views gold as a hedge against instability, with tariffs and inflation expectation issues arising. Analysts expect gold to find consistent upward pressure owing to ongoing trade tensions and central bank gold acquisitions.

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