Gold price stabilizes above 3300Plan XAU day: 10 July 2025
Related Information:!!!
Gold prices (XAU/USD) have pared a portion of their modest intraday gains but continue to maintain a positive bias for the second consecutive day, trading around the $3,320 level during the early European session on Thursday. Ongoing uncertainties surrounding US President Donald Trump’s trade policies and their potential implications for the global economy are keeping investors cautious. In addition, expectations that the Federal Reserve (Fed) will lower interest rates later this year continue to lend support to the non-yielding precious metal.
Meanwhile, the minutes from the Federal Open Market Committee (FOMC) meeting released on Wednesday indicated limited support for a potential rate cut as early as this month. This has provided a boost to the US Dollar (USD), which—alongside a broadly positive tone in equity markets—is capping the upside potential for gold as a safe-haven asset. As such, it would be prudent to await confirmation through sustained buying interest before anticipating further gains, as market participants turn their attention to upcoming US Weekly Jobless Claims data and speeches from Federal Reserve officials for near-term trading cues
personal opinion:!!!
Market accumulates, sideways above 3300 waiting for US unemployment news today
Important price zone to consider : !!!
support zone point: 3307 zone
Sustainable trading to beat the market
