GOLD ANALYSIS 1 HR CHART
Recent developments affecting gold prices:
Tariff Uncertainty: President Trump's recent escalation of tariffs, including a 20% increase on Chinese goods and new duties on imports from Canada and Mexico, has heightened global economic concerns, boosting demand for safe-haven assets like gold.
REUTERS.COM
Inflation Data: The U.S. Consumer Price Index (CPI) showed a smaller-than-expected rise, suggesting cooling inflation. This trend supports expectations of potential interest rate cuts, which typically benefit non-yielding assets such as gold.
REUTERS.COM
Price Forecast: Analysts, including Edward Meir from Marex, predict that gold prices could reach $3,000 in the coming months, driven by ongoing economic uncertainties and trade tensions.
Tariff Uncertainty: President Trump's recent escalation of tariffs, including a 20% increase on Chinese goods and new duties on imports from Canada and Mexico, has heightened global economic concerns, boosting demand for safe-haven assets like gold.
REUTERS.COM
Inflation Data: The U.S. Consumer Price Index (CPI) showed a smaller-than-expected rise, suggesting cooling inflation. This trend supports expectations of potential interest rate cuts, which typically benefit non-yielding assets such as gold.
REUTERS.COM
Price Forecast: Analysts, including Edward Meir from Marex, predict that gold prices could reach $3,000 in the coming months, driven by ongoing economic uncertainties and trade tensions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.