Safe-Haven Demand Lifts Gold Amid US Tariff Uncertainty
Gold rose above $2,920 per ounce, nearing record highs, as a weaker dollar and trade uncertainty drove safe-haven demand. Trump granted US automakers a one-month exemption from 25% Canada-Mexico tariffs and hinted at more changes. A US official suggested lifting the 10% tariff on Canadian energy if trade conditions are met. Meanwhile, China filed a revised WTO complaint in response to new US tariffs. Investors await the non-farm payrolls report for Fed policy signals.
Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
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