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Gold Price Reclaims 50-Day Moving Average as Bulls Regain Control
Gold prices jumped nearly 1% on Friday, with spot gold last trading at $3,355.66 as traders responded to renewed trade war fears triggered by fresh tariffs from former U.S. President Donald Trump. The move marked a sharp intraday rally as gold reclaimed ground above its 50-day moving average (currently $3,325.80) for the first time in over two weeks, signaling a short-term shift in momentum back in favor of the bulls. U.S. gold futures settled even stronger, closing at $3,371.20. Trump announced a 35% tariff on Canadian imports starting August 1 and floated blanket tariffs of 15%-20% on most other trading partners. ... (full story)
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- Jul 13, 2025 3:00am Posted byTechnical Analysis266
