- Gold gets 2%when DXY falls, even if ISM Services PMI signals the US durable economy.
- Trump announces 100% tariffs for foreign films, claiming that Powell is not removed early, but urges cuts.
- Markets Fed Hold on Wednesday; Powell press conference in the focus of political signals.
Gold (XAU/USD) prices jumped over 2%on Monday, or more than $ 70 when the green setback had beaten, although positive economic data United States (US) claims that the economy is still certain. Xau/USD trades at $ 3,321 after the daily lowest level of $ 3,237.
Market mood improved after the report of the Institute of Delivery Management (ISM), according to which service providers reassured the endurance of the US economy. The data suggested that prices rise, lit by US President Donald Trump's tariffs
Over the weekend, Trump announced 100% of foreign films, saying that the Federal Reserve (Fed) should reduce interest rates. He said he did not remove the power of the chair Jerome Powell Before his term ends in May 2026.
Trump added that the US meets many countries, including China, and that its main priority is to reach an agreement with Beijing.
In the meantime, traders will be engaged in a monetary policy meeting on Wednesday. Markets are fully priced as the US Central Bank keeps prices unchanged, although they are watching the Fed Jerome Powell press conference. Political designers will not refresh their forecasts before the June meeting, which could give hints of monetary policy.
Daily Digest Market Movers: Gold Price Not Higher US Public Grease Yield
- Bullion prices remain in the area, although the yield of US government bonds is increasing. The US 10-year-old Treasury Note rises to 4 and a half base points to 4.35%. At the same time, the US real yields gathered five BPS to 2.087%, as the US 10-year-old treasury-protected securities showed.
- ISM services PMI rose to 51.6 in April, compared to 50.8 and exceeds 50.6 expectations, signaling the modest improvement of the service sector activity.
- Namely, the prices of the lower index rose from 65.1 to high from February to 2023-60.9, which shows the re-control of the input inflation pressure.
- Last week's April US farm payroll data exceeded the estimates, despite the number of March, which indicates that the labor market is still certain. It is worth noting that the unemployment rate did not change to 4.2%, justifying the Fed's position in monetary-policy-related standby mode.
XAU/USD Technical Outlook: The gold price is ready to challenge $ 3,350
The price of gold is rising as today's pricing confirmed the “Bullish Harami” two -citizen chart A pattern showing that bulls collect steam. The relative strength index (RSI) confirmed the latter even further as the RS line is facing upwards.
As a result, traders face the main obstacles, such as $ 3,350, followed by $ 3,400. If it was exceeded, the next stop would be $ 3,450 and $ 3,500. On the contrary, if the sellers drag the XAU/USD Spot price less than $ 3,300, look for the 1st May lowest 3,202 dollar test before the highest support of April 3 is $ 3,167.
US-China Trade War of Trade War
In general, the trade war is an economic conflict between two or more countries due to one end of the extreme protectionism. This requires the creation of trade barriers, such as tariffs, resulting in counterattacks, increasing import costs and thus the cost of living.
The economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump erected trade barriers to China, demanding unfair commercial practices and intellectual property theft of the Asian giant. China took durable measures by introducing tariffs for several US goods, such as cars and soybeans. The tensions escalated until two countries signed the US-China trade trade transaction in January 2020. The Agreement required structural reforms and other changes in China's economic and trade regime and pretended to restore the stability and trust of the two countries. However, the coronavirus pandemic took the concentration of the conflict. But it is worth mentioning that after Trump's office, President Joe Biden held tariffs in his place and even added additional paragraphs.
Donald Trump's return to the White House, as the US 47 president has created a fresh voltage wave between two countries. During the 2024 election campaign, Trump promised to introduce 60% of the tariffs after returning to China, which he made on January 20, 2025. Trump. The US-China Trade War is intended to continue where it was left and with a tati policy that affects the global economic landscape with global delivery, spent to reduce information about investment in terms of investment.
