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Gold Struggles for Direction as Risk Mood Sours

From monetamarkets.com

On July 7, 2025, financial markets remain jittery as investors react to growing uncertainty around global tariff negotiations. Gold (XAU/USD) drifts below $3,350, pressured by profit-taking and stronger USD flows despite modest safe-haven interest. Silver (XAG/USD) remains subdued under $37.00, struggling to capitalize on geopolitical jitters. The Euro (EUR/USD) holds below 1.1800 amid trade tensions and soft Eurozone data outlook. Commodity-linked currencies like the New Zealand Dollar (NZD/USD) extend losses under 0.6050, while USD/CAD holds above 1.3900, supported by a firmer greenback and weaker oil prices. All ... (full story)

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  • Category: Technical Analysis