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Gold (XAUUSD) and Silver Analysis: Bullish Patterns Form as Tariffs Boost Safe-Haven Demand

From fxempire.com

Gold (XAUUSD) prices maintain a positive bias as trade tensions and expectations of rate cuts continue to support demand for safe havens. Spot gold trades above $3,300 and appears poised to build positive momentum. The uncertainty surrounding President Trump’s aggressive tariff stance keeps global markets on edge, prompting investors to seek refuge in non-yielding assets, such as gold. However, the latest FOMC minutes revealed limited support for an immediate rate cut. The US dollar rebounds from the strong support and moves towards the resistance of 99. Trump’s fresh tariff threats, including a 50% duty on copper ... (full story)

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  • Category: Technical Analysis