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Gold prices continued to be driven by U.S. tariff-related news last week. At the start of the week, ahead of the official announcement of the new tariff policy, markets operated largely on risk sentiment, pushing gold up to an early high of $3,149. Following Wednesday’s U.S. trading session, President Trump officially unveiled the latest tariff details, triggering...

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Last week, gold prices maintained a bullish trend as market sentiment remained influenced by concerns over Trump's tariffs and the slowdown in U.S. inflation. The uptrend was initially sparked by better-than-expected CPI and PPI figures announced on Wednesday and Thursday, which pushed prices past the descending resistance (1) and the previous high of 2956 (2)....

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Gold prices were again driven by market news last week, fluctuating sideways above 2900. Earlier in the week, due to the unstable situation between Russia and Ukraine and the uncertainty of U.S. tariffs, gold prices broke through the key resistance of 2880 (1) on Monday, back to the range of 2880-2945 (2) from last week. After that, gold kept oscillating between...

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Gold prices finally retreated from their highs last week. At the opening of the market last Monday, gold prices tested the resistance zone of 2950-55 twice, but failed to break through. In the absence of buying support at the high, a downward correction began. On Tuesday, a worse-than-expected consumer confidence index from the US failed to bring new upward...

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Two weeks ago, the U.S. and Russia began negotiations for a ceasefire, causing gold prices to plummet from their high of $2,940 before the weekend. However, as the weekend passed without any progress, gold prices rebounded after opening on Monday, rising from their lowest point of $2,879 to a new high of $2,954 in the European session on Thursday. Yet, after...

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Gold prices continue to fluctuate near record highs. Early last week, the market was again driven by uncertainty over Trump's tariff policy, hitting a new high of 2942. It was pushed toward 2863 by stronger-than-expected US inflation data on Wednesday, but the price rebounded quickly to 2940 before the U.S. session on Friday. As the peace talks began between...

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Triggered by Trump's 25% tariffs on Canada and Mexico, Gold tested new highs last week. Although the tariffs were delayed for a month just hours after they were deployed, the news sent shockwaves to the market, pushing gold prices above last week's highs early in the U.S. session on Monday. The upward momentum accelerated with the upward support accelerated from...

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Following the decline from the previous week, the gold price tested the low near 2730 early last week. The market started to focus on the meetings of various central banks, 1st The Bank of Canada cut interest rates by 1/4%, followed by the Federal Reserve keeping interest rates unchanged, and then the ECB cut interest rates by 1/4 percentage point, led the price...

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Gold price was pushed to a one-month-high by better-than-expected PPI and core CPI US economic figures last week. However, it was rejected by 2720 and the price has begun to consolidate before the market close on Friday. Israel and Palestine started to exchange hostages after reaching a ceasefire agreement, easing tensions in the Middle East, which put pressure...

1uptick Updated 

Technical rebound + Russia/Ukraine situation rapidly deteriorated, causing gold prices to rebound strongly over $150 last week. Following the rebound from the week before, the gold price opened at 2562 and quickly reached our target of 2620 early last week. Russia and Ukraine exchanged missiles and Putin eased the conditions for the use of nuclear weapons,...

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The downtrend in gold prices continued last week after turning back from the previous week's high of 2726.The decline accelerated after the Fed's interest rate meeting on Wednesday, failing to support at 2630(1) and falling back to a near three-month low near 2585.Then on Friday, US inflation data came down slightly, causing gold to bounce back above 2600 to close...

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Despite the initial drop on Monday, the gold price was relatively quiet last week. The price shot up to around 2710 due to all the geopolitical tensions the week before. But then, it quickly retreated after an uneventful weekend. The risk premium dramatically reduced as the Asian market opened on Monday, leading to gold prices falling below 2700 early in the...

1uptick Updated 

The market trend last week unfolded in line with our predictions, as the consolidation period continued. The price broke below the 2650(1) resistance level early in the week, initiating a downward movement toward our target at 2600. Subsequently, the price dropped to the weekly low of 2536 following the inflation data on Wednesday. A slight rebound occurred...

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Gold prices fell back from their highs last week, in line with our expectations. The U.S. election suppressed the market in the early period, and gold prices were under pressure in the 2750-58(1) resistance zone. Once the election results became clear, the decline began to accelerate. A few US media announced Trump's victory prior to the official result, causing...

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Driven mainly by the US election and economic figures last week, the gold price pulled back from the newly formed record high. With the US election approaching, the gold market opened strong early last week. A better-than-expected US consumer confidence on Tue. led to a breakthrough of the previous high at 2758 (1), triggering a new round of S-T buying until it...

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The gold price hit our S-T target of 2750 last week, reaching a new high of 2758. However, the upward momentum failed to last, and the price couldn't hold above 2750, dropping back to the weekly low of 2708. Towards the end of the week, the gold market once again priced in the risk premium ahead of the weekend's geopolitical uncertainties, pushing the price back...

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Gold prices exceeded our expectations last week. They broke above the previous high of 2685 without any influence from major economic data or news, closing the week at a new high of 2722 before the weekend. Early last week, gold prices continued to carry the upward momentum from the US inflation data from the previous week, jumping to the resistance at 2670....

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The upward momentum of gold slowed down last week, with prices trading in a narrow range near the record high. The US employment figures released much better than market expectations last Friday, causing gold prices to drop by $30 within the first half an hour. However, the recent Middle East tension led to a rebound in gold prices as the market price in the risk...