AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Gold Daily | Gold Prices Surge 2% Amid Geopolitical Tensions and Dollar Weakness, Eyeing $3400 Target
Generated by AI AgentAinvest Market Brief
Monday, Jun 2, 2025 8:01 am ET1min read
【Latest Gold Price and Recent Trends】
Gold prices rose nearly 2% on Monday, reaching a weekly high due to increased demand for safe-haven assets amid geopolitical tensions and trade uncertainties. Spot gold is up 1.9% at $3,352.69.
【Technical Analysis】
Gold prices show strong upward momentum, potentially breaking the downward trend. If prices surpass the $3328 resistance level, they could target $3345-$3350, aiming for $3400. However, a drop below $3300 might find support around $3280-$3278.
【Market Sentiment and Economic Background】
The gold market is favored by geopolitical tensions, notably between Russia and Ukraine, and trade uncertainties spurred by tariff threats from President Trump. The dollar's weakness adds to gold's attractiveness. Economic concerns related to US fiscal policies and Fed interest rate cuts provide further support for gold.
【Analyst Opinions】
UBS analyst Giovanni Staunovo highlights declining market risk appetite and escalating geopolitical tensions as key factors boosting demand for gold. The ongoing US-China trade tensions also support gold prices. Analysts foresee potential strong bullish momentum, driven by increased ETF buying and supportive macroeconomic factors.
Gold prices rose nearly 2% on Monday, reaching a weekly high due to increased demand for safe-haven assets amid geopolitical tensions and trade uncertainties. Spot gold is up 1.9% at $3,352.69.
【Technical Analysis】
Gold prices show strong upward momentum, potentially breaking the downward trend. If prices surpass the $3328 resistance level, they could target $3345-$3350, aiming for $3400. However, a drop below $3300 might find support around $3280-$3278.
【Market Sentiment and Economic Background】
The gold market is favored by geopolitical tensions, notably between Russia and Ukraine, and trade uncertainties spurred by tariff threats from President Trump. The dollar's weakness adds to gold's attractiveness. Economic concerns related to US fiscal policies and Fed interest rate cuts provide further support for gold.
【Analyst Opinions】
UBS analyst Giovanni Staunovo highlights declining market risk appetite and escalating geopolitical tensions as key factors boosting demand for gold. The ongoing US-China trade tensions also support gold prices. Analysts foresee potential strong bullish momentum, driven by increased ETF buying and supportive macroeconomic factors.
Ainvest Market Brief
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
Latest Articles
Morning Market Pulse: Trump Housing Overhaul & AI Surge Drive Pre-Market Moves
Dec.22 2025
Morning Market Pulse: Trump’s Federal Pay Raise & Japan’s Policy Shift Drive Pre-Market Moves
Dec.19 2025
What to Trade Today: Volatility and Inflows Drive Pre-Market Moves
Dec.19 2025
U.S. Corporate Actions | Ticker Changes and Dividend Announcements Highlight Activity
Dec.19 2025
Morning Market Pulse: Trump’s Marijuana Rescheduling and AI Policy Shifts
Dec.18 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet