Gold Prices Surge Amid Inflation Concerns and Increased Tariffs
- Gold prices have formed new ATH. The driving forces behind this ascent include escalating inflation concerns and intensified trade tensions, notably the U.S. administration’s recent increase of tariffs on Chinese imports from 104% to 125%.
- These heightened tariffs have amplified fears of rising consumer prices, prompting investors to seek refuge in gold as a traditional hedge against inflation. Complicating the economic landscape, the Federal Reserve faces the delicate task of balancing surging inflation with slowing economic growth, making near-term interest rate cuts increasingly uncertain.
Technical standpoint
A decisive move beyond the $3,167.84 peak could signal further upside targeting $3400 potential, while a drop below this moving average might prompt a reassessment of the bullish outlook.
- Gold prices have formed new ATH. The driving forces behind this ascent include escalating inflation concerns and intensified trade tensions, notably the U.S. administration’s recent increase of tariffs on Chinese imports from 104% to 125%.
- These heightened tariffs have amplified fears of rising consumer prices, prompting investors to seek refuge in gold as a traditional hedge against inflation. Complicating the economic landscape, the Federal Reserve faces the delicate task of balancing surging inflation with slowing economic growth, making near-term interest rate cuts increasingly uncertain.
Technical standpoint
A decisive move beyond the $3,167.84 peak could signal further upside targeting $3400 potential, while a drop below this moving average might prompt a reassessment of the bullish outlook.
Trade active
Trade closed: target reached
XAUUSD Target reached +2400pips
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➤ Telegram: t.me/+OYfvKDvM0w81MTJk
♛ Website: bio.site/goldfxcc.com
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.
GOLDFXCC™ Leading Educational platform—whether you're just starting or an experienced trader, access knowledge and insights to refine your skills and achieve more.
➤ Telegram: t.me/+OYfvKDvM0w81MTJk
♛ Website: bio.site/goldfxcc.com
➤ Telegram: t.me/+OYfvKDvM0w81MTJk
♛ Website: bio.site/goldfxcc.com
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.