Gold surged past $3,460 per ounce on Tuesday, reaching a new record as demand for safe-haven assets intensified amid growing economic uncertainty. The rally followed President Trump’s renewed criticism of Fed Chair Powell, including remarks about his possible removal and calls for immediate rate cuts—raising concerns about political interference and Fed independence. Continued U.S.-China trade tensions, including a new probe into mineral tariffs, added to market anxiety. Gold is now up over 30% for the year.
Key resistance is at $3500, followed by $3,550 and $3,600. Support stands at $3400, then $3356 and $3300.
Key resistance is at $3500, followed by $3,550 and $3,600. Support stands at $3400, then $3356 and $3300.
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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.