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Gold Price Forecast: XAU/USD declines below $3,350 on hopes for trade deals
The Gold price ( XAU/USD) trades in negative territory near $3,330 during the Asian trading hours on Tuesday, pressured by a firmer US Dollar (USD). The precious metal edges lower on easing trade tension after US President Donald Trump announced an extension to the upcoming tariff deadline and suggested that he was still open to additional negotiations. Market concerns eased after Trump hinted at the possibility of an additional trade deal and delays of the tariff deadline. Trump further stated that the August 1 deadline was “not 100% firm,” signaling he remained open to continuing to tweak the rates. Optimism ... (full story)
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From @financialjuice|Jul 7, 2025Kato, Japan govt continues to assess economic impact of tariffs Japan's Finance Minister Kato stated that the country will take necessary steps to support industries affected by U.S. tariffs while coordinating with other agencies. Japan’s Finance Minister Katsunobu Kato has no current plans for specific foreign-exchange discussions with U.S. Treasury Secretary Scott Bessent.
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- Jul 7, 2025 9:40pm Posted byFundamental Analysis313
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