Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from the vicinity of the $3,265-3,260 pivotal support and attracts fresh sellers during the Asian session on Tuesday.
The Gold price (XAU/USD) loses ground to around $3,335 during the early Asian session on Tuesday. The yellow metal edges lower amid a modest rebound of the US Dollar (USD) and a softening in tensions between the United States and China.
The British pound and the New Zealand dollar were the strongest currencies last week, while the Swiss franc, the US dollar, and the euro were the weakest. Volatility decreased markedly over this period, and next week may see even less volatility.
The euro initially pulled back during the course of the trading week, only for it to then turn around and show signs of life again. At this point in time, I think the 1.15 level is going to continue to be a major resistance barrier.
Gold price extended its record streak for the third time in the week as the Greenback weakened due to tensions between China and the US related to trade policies.
Gold price (XAU/USD) continues scaling new record highs heading into the European session on Wednesday, with bulls eyeing to conquer the $3,300 mark as trade-related uncertainties continue to boost demand for traditional safe-haven assets.
Gold price ended Tuesday’s session on a higher note due to traders buying the precious metals amid uncertainty over US President Donald Trump's tariff plans, which has kept market participants on edge.
Asian stocks continued to decline following Wall Street's downturn on Wednesday as President Donald Trump appeared poised to move forward with hefty 104% tariffs on Chinese products.
