Gold (XAU/USD) rebounded from a five-day low of $3,297, climbing toward $3,350 after Trump announced 25% tariffs on Japan and South Korea effective August 1, with 12 more countries receiving similar tariff warnings ranging between 25% and 40%. The rising risk of a global trade war fueled safe-haven demand, though gold’s gains were capped by simultaneous US Dollar strength.
Resistance is at $3,365, while support holds at $3,300.
Resistance is at $3,365, while support holds at $3,300.
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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.