Gold Daily | Spot Gold Rises Amid US-China Tensions, Safe-Haven Demand and Potential Rate Cuts
Generated by AI AgentAinvest Market Brief
Thursday, Apr 10, 2025 8:01 am ET1min read
【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.
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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PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
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