Gold Daily | Gold Nears $3,400 Amid Tariff Uncertainty, Analysts Predict Continued Bullish Momentum

【Latest Gold Price and Recent Trends】

Gold prices have surged to a two-week high, nearing the $3,400 mark due to uncertainty from President Trump's tariff threats, increasing safe-haven demand. Current price is around $3,369.77.

【Technical Analysis】

Gold has maintained a bullish momentum, with strong support at $3,260. If prices surpass $3,400, buyers could push toward $3,467 and possibly attempt to reach the all-time high at $3,500. A break below the $3,300 support might lead to a decline towards $3,150.

【Market Sentiment and Economic Background】

The geopolitical landscape remains tense with ongoing U.S.-China trade uncertainties and Middle Eastern conflicts, which fuels gold as a safe haven. Despite expectations for the Fed to keep rates steady, consumer inflation anticipations rise due to tariff-driven cost pressures, supporting gold prices. Lower interest rates and weak dollar further bolster gold's appeal.

【Analyst Opinions】

Analysts project gold to remain above $3,000 in the short term due to persistent demand driven by macroeconomic uncertainties. UBS sees gold testing $3,500 this year amid unresolved trade tensions and concerns over the dollar's role as a reserve currency. ANZ continues to forecast a year-end price of $3,600, viewing $3,000–$3,200 as a buying opportunity amid favorable macro conditions and policy expectations.