Hello everyone, let's take a look at how gold prices have been fluctuating!
Yesterday, gold continued to create a new wave of excitement. A new record high was established at the end of the trading session and as of now, this precious metal has risen over 500 pips, marking a 0.34% increase in early morning trading and moving around the 3070 USD zone with signs indicating that buyers haven't cooled down yet.
Gold's resurgence in the afternoon session on March 27th occurred when the US imposed car import tariffs, intensifying concerns about a global trade war.
Accordingly, US President Donald Trump announced a 25% tariff on imported cars and light trucks starting next week, escalating trade tensions. Investors worry that retaliatory measures effective from April 2nd will drive inflation, slow economic growth, and escalate trade conflicts. However, this situation has acted as a favorable wind for gold trading activities.
Additionally, the Federal Reserve (Fed) maintained interest rates but suggested possible cuts this year, creating conditions for gold prices to continue rising.
On the technical analysis front, gold has successfully broken through the resistance level of 3057 USD and closed above the high zone. However, to ensure safe trading, wait for gold to establish a new peak or undergo a short correction before proceeding with safer buying positions.
Yesterday, gold continued to create a new wave of excitement. A new record high was established at the end of the trading session and as of now, this precious metal has risen over 500 pips, marking a 0.34% increase in early morning trading and moving around the 3070 USD zone with signs indicating that buyers haven't cooled down yet.
Gold's resurgence in the afternoon session on March 27th occurred when the US imposed car import tariffs, intensifying concerns about a global trade war.
Accordingly, US President Donald Trump announced a 25% tariff on imported cars and light trucks starting next week, escalating trade tensions. Investors worry that retaliatory measures effective from April 2nd will drive inflation, slow economic growth, and escalate trade conflicts. However, this situation has acted as a favorable wind for gold trading activities.
Additionally, the Federal Reserve (Fed) maintained interest rates but suggested possible cuts this year, creating conditions for gold prices to continue rising.
On the technical analysis front, gold has successfully broken through the resistance level of 3057 USD and closed above the high zone. However, to ensure safe trading, wait for gold to establish a new peak or undergo a short correction before proceeding with safer buying positions.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。