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Gold Advances Amid Global Trade Concerns, USD Mixed Across Majors

From monetamarkets.com

Gold remains supported by persistent global trade uncertainty and a softening USD backdrop, while other major pairs reflect mixed sentiment driven by local economic data and policy speculation. With key inflation figures and central bank rhetoric on the horizon, market direction may hinge on fresh catalysts. Traders are likely to stay cautious, keeping gold and USD-sensitive pairs in tight focus heading into the week. Gold (XAU/USD) is trading with mild gains near $3,350 as investors seek safety amid escalating global trade tensions and soft USD performance. The precious metal continues to benefit from its safe-haven ... (full story)

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  • Category: Technical Analysis