Gold slipped to around $3,360 per ounce on Thursday, pressured by the Fed’s cautious tone after keeping rates unchanged. Chair Powell dismissed preemptive cuts and highlighted inflation and labor market risks, dampening demand for non-yielding assets. However, gold's downside was limited by trade uncertainties as Trump reaffirmed tariffs before U.S.-China talks in Switzerland.
Resistance is expected at $3,460, followed by $3,500 and $3,550. Support sits at $3,320, with further levels at $3,300 and $3,265.
Resistance is expected at $3,460, followed by $3,500 and $3,550. Support sits at $3,320, with further levels at $3,300 and $3,265.
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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.