Gold prices are fluctuating as investors react to ongoing U.S. tariff developments and global economic uncertainties. After reaching a high near $3,345 earlier this week, gold (XAU/USD) has pulled back, trading around $3,300. This movement reflects market caution ahead of potential U.S. inflation data and the Federal Reserve’s policy decisions.
Analysts suggest that if gold maintains support above $3,300, it could target higher levels, potentially reaching $3,435 or even $3,500 in the near term. However, a drop below $3,290 may indicate further downside risk. The current market sentiment remains mixed, with investors closely monitoring economic indicators and geopolitical developments for direction.
Expected XAU/USD Range: $3,290 – $3,335
Note: The above is not a guarantee of profit. Please make your own decisions when trading.