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Gold and Silver Analysis: XAUUSD Breaks Key Support Amid Dollar Strength and Trade Optimism
The resolution of the US-EU trade dispute has pushed gold (XAUUSD) prices lower. As market fears of increased uncertainty faded, the safe-haven demand for gold dropped. The gold price has fallen by more than $100 after reaching a peak of $3450. A stronger US Dollar added pressure on gold. As the US Dollar appreciated significantly, it reduced gold’s appeal as an alternative asset. The easing of global trade tensions between the US, EU, Japan, and China further weakened gold’s short-term outlook. However, uncertainty remains around tariffs and inflation, which leaves room open for Fed rate cuts, which could ... (full story)
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- Jul 29, 2025 10:40pm Posted byTechnical Analysis402
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