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Gold and Silver Technical Analysis: XAUUSD Builds Base, XAGUSD Corrects from Overbought Levels
Gold (XAUUSD) prices dropped on Tuesday as investors turned cautious ahead of potential tariff announcements. Spot gold dropped to around $3,320 and rebounded towards $3,335 during the Asian trading session. The decline came despite growing geopolitical tensions and steady demand for safe-haven assets. The strength in the US dollar after the release of US inflation data also contributed to the downside pressure in gold. The US Consumer Price Index increased 0.3% in June, which marks the biggest increase since January. Moreover, the annual inflation rate in the US increased for the second consecutive month to 2.7% in ... (full story)
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- Jul 15, 2025 10:15pm Posted byTechnical Analysis346
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