“Gold’s recent rebound reflects temporary relief,” said a senior commodities analyst at a leading bank. “However, with the dollar gaining traction from solid data, upside momentum is capped.” Despite this, traders continue to eye the Federal Reserve’s next steps. Markets are pricing in at least two 25-basis-point rate cuts by year-end, banking on easing inflationary
“Gold is caught in a tug-of-war between a weaker dollar, potential Fed easing, and geopolitical risks,” said Kelvin Wong, senior market analyst at OANDA Asia Pacific. Former President Trump’s decision to delay the imposition of 50% tariffs on European Union imports until July 9 provided short-term relief to market nerves, but the broader trade outlook
Tariff Talk and Geopolitical Risks Fuel Gold’s Momentum Market participants are responding to a complex backdrop that includes unresolved conflicts in Eastern Europe and heightened Middle East tensions. While the Russia–Ukraine situation remains unresolved, recent developments have reignited volatility. In parallel, fresh threats of retaliation and regional instability in the Middle East have led to
The U.S. Dollar Index (DXY) climbed to 104.20, its highest level in two weeks, pressuring commodities priced in dollars. Meanwhile, the U.S. 10-year Treasury yield rose to 4.35%, further reducing gold’s attractiveness. Silver Holds Steady Despite Market Volatility Unlike gold, silver (XAG/USD) showed resilience, trading at $31.68 with an intra-day high of $31.75. The metal