Gold Pulls Back Slightly but Remains Supported
After hitting a historic high, gold is experiencing a slight pullback, but the correction appears well-contained. Concerns over Donald Trump’s tariff policies and the risk of a global trade war continue to support gold’s bullish momentum. At the same time, weak USD sentiment is helping to limit downside pressure on XAU/USD.
Currently, gold is trading around $2,930, with two key support levels at $2,920 and $2,906, where buyers may step in to defend the trend and push prices higher.
Currently, gold is trading around $2,930, with two key support levels at $2,920 and $2,906, where buyers may step in to defend the trend and push prices higher.
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Related publications
Disclaimer
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