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On Monday, the international gold price continued to rise, and the spot gold price broke through the 3120 per ounce mark, rising nearly $40 at one point, an increase of about 1.2%. This amazing rise was mainly driven by market concerns about the Trump administration's upcoming tariff policy, and investors flocked to gold, a traditional safe-haven asset, to seek shelter.
The market is paying attention to the US reciprocal tariff plan on April 2 and Friday's non-farm data. The tariff escalation may cause the US core PCE inflation to rise to 3.5% and GDP growth to slow to 1%. US President Trump's latest statement on Sunday said that if he believes that Moscow is hindering his efforts to end the war in Ukraine, a secondary tariff of 25% to 50% will be imposed on all Russian oil. This tough stance has heightened market concerns about the deterioration of the global trade environment, providing additional upward momentum for gold prices.
Gold price trends face a key test
In the current environment, as geopolitical risks, trade tensions and inflation uncertainties persist, gold prices may continue to fluctuate at high levels. However, investors also need to be wary of the possible profit-taking pressure after the policy becomes clear, as well as the potential impact of the Fed's monetary policy direction on the gold market. The subsequent development of this gold feast dominated by risk aversion will still depend on the game results of multiple factors.
Technically, $3,000 has become a new support level. The gold price may reach $3,180 in the short term, but be wary of a possible technical correction to the 3,040-3,090 range.
Trading is risky, so control your position reasonably.
If your trading is bad and you want to recover your losses, you can follow Baker Bitcoin Gold Trading Center or leave me a message for real-time and accurate signals every day. Let's move towards victory together.
XAUUSD XAUUSD XAUUSD GOLD XAUUSD GOLD XAUUSD
On Monday, the international gold price continued to rise, and the spot gold price broke through the 3120 per ounce mark, rising nearly $40 at one point, an increase of about 1.2%. This amazing rise was mainly driven by market concerns about the Trump administration's upcoming tariff policy, and investors flocked to gold, a traditional safe-haven asset, to seek shelter.
The market is paying attention to the US reciprocal tariff plan on April 2 and Friday's non-farm data. The tariff escalation may cause the US core PCE inflation to rise to 3.5% and GDP growth to slow to 1%. US President Trump's latest statement on Sunday said that if he believes that Moscow is hindering his efforts to end the war in Ukraine, a secondary tariff of 25% to 50% will be imposed on all Russian oil. This tough stance has heightened market concerns about the deterioration of the global trade environment, providing additional upward momentum for gold prices.
Gold price trends face a key test
In the current environment, as geopolitical risks, trade tensions and inflation uncertainties persist, gold prices may continue to fluctuate at high levels. However, investors also need to be wary of the possible profit-taking pressure after the policy becomes clear, as well as the potential impact of the Fed's monetary policy direction on the gold market. The subsequent development of this gold feast dominated by risk aversion will still depend on the game results of multiple factors.
Technically, $3,000 has become a new support level. The gold price may reach $3,180 in the short term, but be wary of a possible technical correction to the 3,040-3,090 range.
Trading is risky, so control your position reasonably.
If your trading is bad and you want to recover your losses, you can follow Baker Bitcoin Gold Trading Center or leave me a message for real-time and accurate signals every day. Let's move towards victory together.
XAUUSD XAUUSD XAUUSD GOLD XAUUSD GOLD XAUUSD Note
The article mentioned a pullback to support near 3090. The market was consistent with my expectations. Traders who read this article should be making huge profits at this moment. Congratulations.
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Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 210.8% per week🎁Success rate is as high as 98.55%, real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.