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Weekly Markets Monitor: Gold in the crosshairs
Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves. US economic data showed signs of weakness, while strong corporate earnings lifted investor sentiment. • Major global equities rose, driven by strong corporate earnings in the US, Europe, and Japan, while Chinese markets gained on solid trade data. US Treasury yields climbed, the dollar softened, and oil edged lower. • Gold above the US$3,351/oz high would be seen to mark the completion of a “triangle” continuation pattern for a resumption of the core uptrend (p6 & ... (full story)
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Gold markets have been bullish again during the course of the week as we broke above the $3500 level. The $3500 level has been like a ceiling in this market for some time and breaking above there obviously will attract a lot of headlines. However, it is probably worth noting that the Friday session is rolling back over so I don’t know that we have the ...
From fxempire.com | Aug 11, 2025
Gold: chart Gold retreats as U.S. President Trump said that gold imports would not face tariffs. In case gold settles below the support at $3350 – $3360, it will head towards the next support level at $3275 – $3285. Silver: chart Silver is losing ground as traders focus on the pullback in gold markets. Stronger U.S. dollar put additional pressure on ...
A Statement from Donald J. Trump, President of the United States of America:Gold will not be Tariffed!
