After President Trump announced that he will extend the 50% tariff on the EU until July 9, the “risk-on” mood continued yesterday. Stock markets in Japan and Europe went up again. The New York market, which reopened after a holiday, also saw a big rebound in stock prices. As a result, the risk-on trend became stronger, and gold prices dropped at one point, falling below 3,290.
However, because President Trump often changes his statements quickly, there is still some uncertainty in the market. This helped stop gold from falling too much.
Since people are less worried now, we expect that some people will continue to sell gold to take profit from the recent rise in price.
Gold-Dollar Expected Range: 3,270 – 3,320 USD
Note: This information does not guarantee any profits. Please make your own decisions when trading.