See also
24.04.2025 11:33 AM
Gold is showing positive momentum as it attempts to hold above the $3300 level, indicating growing investor interest in this traditional safe-haven asset.
The uncertainty surrounding U.S.-China trade relations—highlighted by yesterday's comments from U.S. Treasury Secretary Scott Bessent—suggests that the current standoff may last longer than initially expected. Additionally, potential consequences of Donald Trump's tariff policies are creating a backdrop of elevated demand for gold.
The Federal Reserve's Beige Book points to rising uncertainty in the economy due to shifting tariffs, which could limit further dollar gains in the coming months. Mixed data on consumer spending and signs of cooling in the labor market are also contributing to a more cautious outlook. The weakening U.S. dollar and expectations of more aggressive easing from the Fed continue to support precious metal prices.
At the same time, lingering hopes for a potential trade deal between the U.S. and China are helping to sustain a degree of market optimism, which may cap gold's upside in the near term.
Technical Outlook:
Still, with oscillators on the daily chart holding firmly in positive territory, the broader path of least resistance for gold remains upward.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
