- The gold price is struggling to take advantage of the overnight bounce from a few days of trough.
- US bond rebounds revive USD demand and weigh the XAU/USD pair.
- Trump trade duties and Fed rates reduction can help you to support precious metals.
The gold price (XAU/USD) is depressed by the early European session on Tuesday, in the recovery of the US Treasury's bond yield and the recovery of a solid US dollar (USD) from a low price. I am. The threat of US President Donald Trump's trade tariffs causes inflation concerns and causes a modest recovery of the bond yield of the US Treasury. This has been found to help revive US dollar demand and is an important factor that damages bullion.
Nevertheless, the expectation that the Federal Preparatory System (Fed) will reduce interest rates twice by the end of this year may function as a headwind of US bond yield and US dollar. Apart from this, worries about the potential economic fallout from Trump's protectionist trade policy can limit the loss of safe HAVEN gold prices. The traders seem to be reluctant, and you may choose to move to a bystander prior to the two -day FOMC policy meeting from this Tuesday.
The gold price is struggling to seduce buyers in the remarkable dollar demand. The drawbacks remain
- U.S. President Donald Trump has ordered the administration to introduce a 25 % tariff on imports of Colombia, but has been stated after the latter agreed to accept unlimited acceptance of all illegal immigrants returned from the United States. Ta.
- Mr. Trump said this Tuesday that he would immediately impose tariffs on pharmaceuticals and computer chip producers. In addition, Trump added that tariffs were placed on aluminum and copper, and steel and other industries were viewed for tariffs.
- This is a revival of Trump's protectionist's attitude, supporting inflation, supporting the yield of US government bonds for 10 years, leaving the US dollar, taking over the US dollar, and squeezing gold prices. I let you do it.
- Trump said last week that it would require a reduction in interest rates. In addition, the market is the price setting of interest rate reduction of 25 Basis points by the Federal Reserve by the end of this year, and may reduce US bond yield and green back.
- Traders are currently characterized by the US economic dokkets on Tuesday, durable product orders, conference committee consumer trust index, and Richmond Manufacturing Index for some promotions in the North American sessions.
- After that, the focus will be transferred to an important FOMC monetary policy on Wednesday. This plays an important role in affecting the dollar's price dynamics and helps to determine the next leg of the twice non -yellow metal direction.
Gold Price Buru has exceeded the support that has turned over 2,725-2,720 resistance.
On Monday, XAU/USD showed some recovery strength than the 23.6 % retribution level of Fibonacci's 23.6 % of the positive movements from December to January. In addition, the oscillator of the daily chart is comfortable in a positive area. This suggests that the minimum resistance to gold prices is the advantage, along with recent breakouts through a horizontal barrier of $ 2,720 to 2,725. Therefore, before positioning for a deeper loss, waiting for a strong follow-through sales that go beyond the 2,725-2,750-dollar area, which has turned to $ 2,725 to 2,750 resistance. It is wise. After that, the product may slide to an area of $ 2,707 to 2,705 or a 38.2 % FIBO. Level before dropping to 50 % fibo. Level, around $ 2,684.
On the back side, the immediate hurdle is fixed near the 2,755-2,757 zone. Following this, the highest level since 2024, which is close to the $ 2,790 zone, in the area of $ 2,772 to 2,773, the $ 2,786 area, or the highest level since October 2024. Some of the purchases of some follow -through, which leads to the strength of more than $ 2,800, are considered a fresh trigger for bullish traders, and have been well established to extend the uptrends that have been well established in the past month. Open
Today's US dollar price
The following table shows the US dollar (USD) change rate for today's listed currency. The US dollar was the strongest for Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.49 % | 0.40 % | 0.75 % | 0.18 % | 0.63 % | 0.52 % | 0.40 % | |
| EUR | -0.49 % | -0.09 % | 0.24 % | -0.31 % | 0.14 % | 0.03 % | -0.09 % | |
| GBP | -0.40 % | 0.09 % | 0.35 % | -0.21 % | 0.20 % | 0.12 % | 0.00 % | |
| JPY | -0.75 % | -0.24 % | -0.35 % | -0.57 % | -0.12 % | -0.24 % | -0.35 % | |
| CAD | -0.18 % | 0.31 % | 0.21 % | 0.57 % | 0.45 % | 0.34 % | 0.22 % | |
| AUD | -0.63 % | -0.14 % | -0.20 % | 0.12 % | -0.45 % | -0.11 % | -0.22 % | |
| NZD | -0.52 % | -0.03 % | -0.12 % | 0.24 % | -0.34 % | 0.11 % | -0.13 % | |
| Chf | -0.40 % | 0.09 % | -0.00 % | 0.35 % | -0.22 % | 0.22 % | 0.13 % |
The heat map shows the changing rate of major currencies to each other. Basic currencies are selected from the left row, and the quota is selected from the top line. For example, if you select US dollars from the left row and move to the Japanese yen along the horizon, the change rate displayed in the box indicates USD (base)/JPY (QUOTE).
