Trump Tariff Delay Takes Pressure Off—For Now Trump’s decision to extend the deadline for 50% tariffs on EU goods to July 9 briefly reduced geopolitical tension. Over the weekend, the U.S. President said he agreed to an extension after a phone call with European Commission President Ursula von der Leyen, calling it a “privilege” to
Daily Gold (XAU/USD)Gold is currently trading near the upper end of its retracement zone, defined by $3228.38 to $3164.23, with the recent bottom at $3201.95. Should downside pressure persist, traders will look to the 50-day moving average at $3137.70 for initial support. Below this, a break toward $3000–$2956.56 cannot be ruled out. That zone represents
The nearest support is a pair of 50% levels at $3166.46 and $3018.52. The major support is the 52-week moving average at $2692.05. There is nothing really exciting about this chart pattern. Investors essentially have two choices, buy strength or buy a dip. If bullish news drives the price action then investors are likely to
At the same time, U.S. economic signals painted a mixed picture: GDP shrank by 0.3% in Q1 and core PCE was flat in March, while jobless claims rose to 241,000. Yet April’s jobs report offered just enough resilience to keep the Fed on the sidelines for now, limiting gold’s near-term upside. Fed in Focus with