➡️ Both analysts and investors expect gold prices to continue to increase in the coming days, as they are being supported by many factors, especially related to US President Donald Trump's tax policy with many trade partners.
➡️ In the latest development, Mr. Trump announced that he would impose a 25% tax on all aluminum and steel imports into the country.
➡️ This information has caused investors to continue to seek gold as a safe haven against fluctuations in the international trade situation.
“The global upward momentum started in October 2023 after the US Federal Reserve (FED) signaled to loosen monetary policy and reduce the pace of interest rate increases. From October to November 2024, after increasing 55% to 2,790 USD/ounce, gold experienced a strong profit-taking phase, pulling the price down to 2,550 USD/ounce, corresponding to a 76.4% correction compared to the previous increase.
After several weeks of struggle between buyers and sellers, stable buying momentum returned at the end of December. The fact that gold exceeded 2,800 USD/ounce at the end of January 2025 opened up expectations for a new wave of growth. If this trend continues, gold prices could reach $3,400/ounce from August to October this year.”
➡️ In the latest development, Mr. Trump announced that he would impose a 25% tax on all aluminum and steel imports into the country.
➡️ This information has caused investors to continue to seek gold as a safe haven against fluctuations in the international trade situation.
“The global upward momentum started in October 2023 after the US Federal Reserve (FED) signaled to loosen monetary policy and reduce the pace of interest rate increases. From October to November 2024, after increasing 55% to 2,790 USD/ounce, gold experienced a strong profit-taking phase, pulling the price down to 2,550 USD/ounce, corresponding to a 76.4% correction compared to the previous increase.
After several weeks of struggle between buyers and sellers, stable buying momentum returned at the end of December. The fact that gold exceeded 2,800 USD/ounce at the end of January 2025 opened up expectations for a new wave of growth. If this trend continues, gold prices could reach $3,400/ounce from August to October this year.”
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XAUUSD SELL 2879 2881TP1: 2860
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PREMIUM CHANNEL ✉️
🔴9-12 signals per day
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🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
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.