On the previous day, Japan and the U.S. reached a trade agreement on tariffs. Because of this, worries about trade talks with other countries became smaller, and stock markets around the world kept rising. As a result, investors felt safe and started to sell gold, which is usually bought when people are worried (a “safe asset”).
At the same time, President Trump visited the U.S. central bank (Federal Reserve) and explained the Japan–U.S. deal again to Chairman Powell. He said, “I hope you will lower the interest rate.” The Treasury Secretary Bessent also said, “The Fed should return to the basics.” Commerce Secretary Ratnick added more pressure by saying, “Powell should resign or be replaced,” and “We need a lower interest rate.”
These actions show that the government is pushing the central bank to change its decisions. While some people think a rate cut might happen, others worry that politics is interfering with the independence of the central bank. This worry is helping to support the gold price a little.
Since today is the end of the week (Friday), some people may start buying gold again.
Expected gold price range: 3,345 – 3,390 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.