Gold Daily | Rising Gold Prices Amid Trade Tensions and Geopolitical Risks with Dollar Weakness

【Latest Gold Price and Recent Trends】

Gold prices are rising amid global trade tensions, with spot gold up 0.5% to $3,360. The weakening dollar helps those holding other currencies. Factors such as expected Fed rate cuts, tariff threats by President Trump, and ongoing geopolitical risks are supporting gold's price.

【Technical Analysis】

Gold is climbing slowly after testing key trend lines, with resistance at $3,438 where bears might intervene. In the short term, limited reasons for further decline exist, as gold stays above moving averages with indicators showing slight upward momentum.

【Market Sentiment and Economic Background】

Trade tensions are high as President Trump threatens more tariffs, impacting risk sentiment. Meanwhile, investors await key U.S. inflation data to gauge Fed policies. The stronger dollar and rising U.S. Treasury yields apply pressure on gold, while geopolitical uncertainties and Trump’s openness to trade talks influence market sentiment.

【Analyst Opinions】

Analysts suggest potential volatility ahead of U.S. CPI data, indicating that softer data may boost gold while stronger data could trigger selloffs. Gold remains a favored asset amid low interest rates. The World Gold Council sees potential tariff impacts on gold, indicating a need for clarity in trade and rate policies for gold to break the $3,300 barrier. Overall, gold prices are underpinned by geopolitical risks, inflation expectations, and trade uncertainties, with analysts keenly observing upcoming U.S. economic indicators for future market direction.