Why gold is rising, see the essence through the phenomenon!

📌 Driving Events
Gold prices (XAU/USD) were supported by bargain-hunting buyers during the Asian session on Wednesday, pausing the momentum of retreating from a record high the previous day. Investors continue to seek safe-haven assets amid uncertainty over U.S. President Donald Trump's comprehensive reciprocal tariffs and their potential impact on the global economy.

In addition, escalating geopolitical tensions provided further support for gold. Growing concerns about a U.S. recession, coupled with growing expectations of further interest rate cuts from the Federal Reserve (Fed), have boosted demand for the non-yielding gold.

📊Comment Labaron
Gold price is still in a very stable upward trend, market tariff information is waiting for the next price increase

💰Strategy package
Buy gold area: 3106 - $3108 SL $3103 Scalping
TP1: $3113
TP2: $3118
TP3: $3125⭐️

⭐️Note: Labaron hopes that traders can properly manage their capital
- Choose the number of lots that matches your capital
- Take profit equal to 4-7% of the capital account
- Stop loss equal to 1-3% of the capital account