US-UK Trade Deal & Tariffs:
President Trump and UK Prime Minister Keir Starmer announced a limited trade deal, but a 10% tariff on UK goods remains. The US plans to announce more trade deals soon, though existing tariffs on most countries will largely stay.
China Tariff Talks:
The US may cut tariffs on Chinese goods from 145% to 50%, boosting market optimism. Top US and Chinese officials will meet in Switzerland on Saturday to discuss trade and economic matters.
Federal Reserve & USD:
The Fed signaled no interest rate cuts soon, despite economic uncertainty. The US Dollar retreated after hitting a four-week high, supporting gold prices.
Geopolitical Tensions:
Conflicts involving Russia-Ukraine, Israel-Houthis, and tensions between India and Pakistan are increasing geopolitical risks, which boosts demand for gold as a safe haven.
FOMC Speakers & Market Outlook:
Investors await comments from key Fed officials on Friday for clues about future rate policy. This could influence USD demand and gold prices, which are on track for modest weekly gains.
Key Support and Resistance Levels
Resistance Level 1: 3376
Resistance Level 2: 3428
Resistance Level 3: 3480
Support Level 1: 3265
Support Level 2: 3220
Support Level 3: 3177
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
President Trump and UK Prime Minister Keir Starmer announced a limited trade deal, but a 10% tariff on UK goods remains. The US plans to announce more trade deals soon, though existing tariffs on most countries will largely stay.
China Tariff Talks:
The US may cut tariffs on Chinese goods from 145% to 50%, boosting market optimism. Top US and Chinese officials will meet in Switzerland on Saturday to discuss trade and economic matters.
Federal Reserve & USD:
The Fed signaled no interest rate cuts soon, despite economic uncertainty. The US Dollar retreated after hitting a four-week high, supporting gold prices.
Geopolitical Tensions:
Conflicts involving Russia-Ukraine, Israel-Houthis, and tensions between India and Pakistan are increasing geopolitical risks, which boosts demand for gold as a safe haven.
FOMC Speakers & Market Outlook:
Investors await comments from key Fed officials on Friday for clues about future rate policy. This could influence USD demand and gold prices, which are on track for modest weekly gains.
Key Support and Resistance Levels
Resistance Level 1: 3376
Resistance Level 2: 3428
Resistance Level 3: 3480
Support Level 1: 3265
Support Level 2: 3220
Support Level 3: 3177
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.