Secretary Bessent said yesterday that it will be hard for many countries to reach an agreement by the August 1 deadline. However, he also said that talks can continue even after the deadline. Still, the talks are expected to become more difficult. Also, President Trump’s pressure on the Federal Reserve to lower interest rates is raising worries about the independence of the central bank.
Because of these risks, people continue to buy gold. But since gold reached a high point of 3451 on June 16, many traders may sell before it reaches that level again to take profits.
Expected gold price range: 3,405 – 3,450 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.