- The price of gold is faced with greater reduction in positioning the expectations that US President Trump will be able to relieve auto tariffs.
- Entrepreneurs are more focused on the basic US economic data that can determine the Fed rate path.
- Despite the bearish elements that begin to develop, merchants still advise maintaining gold positioning.
The Gold Price (XAU/USD) trades the sideways at a wide phase of integration -together, currently trading around $ 3,313 at the time of writing on Tuesday. The integration arises as entrepreneurs and markets have set up their positioning on precious metal in advance of a possible US president (US) announcement Donald Trump in car tariffs. The rumors in the markets are that Trump will ease auto tariffs, which will reduce demand for gold and ease tensions, Bloomberg reports.
US Economic Data will be the second driver this week, which will be important after the Texas Federal Reserve (FED) tracker of manufacturing activity. The broadly observed proposal weakened significantly as participants expressed their current emotions in words such as “chaos” and “insanity”, to describe the chaos killed by Trump's tariffs, Dallas Fed The report was mentioned, according to Bloomberg.
Daily -Gales Digest Market Movers: Trade Deals to Express
- US Secretary of Treasury Scott Bescent told CNBC on Monday that the US had touched China for now because it was looking for trade deal between 15 and 17 other countries, while indicating that it was up to Beijing to take the first step in escalate the tariff fight, Reuters reports.
- On Monday, the Dallas Fed Manufacturing Business Index for April fell to -35.8, derived from -16.3. The negative doubling of doubling the sentiment index takes the indicator to levels that are not visible since the pandemia, the Reuters report. It can be one of the data points this week, along with the upcoming US Gross Domestic Product (GDP) for the first quarter due to Wednesday and the Nonfarm Payrolls (NFP) who was promoted Friday, for the Federal Reserve to assess the policy decision for the meeting on May 7.
- China is driving hard against the US along with People's Daily, the chief newspaper of the Chinese Communist Party, who tells a commentary on Tuesday morning that the US should stop the wrongdoing of tariffs. Foreign Minister Wang Yi also said that if countries choose to keep quiet, compromise and retreat, it will only lead to oppressors that make further progress, Bloomberg reports.
Gold Price Technical Analysis: Seismic transfer can fore
To keep your fence or not to maintain it, that's the question. Clearly, the gold rally is surprising and begins to show signs of fatigue among entrepreneurs who book revenue and reduce their exposure as more headlines appear that the Trump administration is beginning to reduce the aggressive regime of tariffs, for example, along with parts of the car parts. Although, can the US ease that many of its main competitors and reasons for these tariffs, China, do not want to come to the table?
The day -to -day pivot point at $ 3,322 was tested this morning, though, so far, it is trying to handle price action. From there, it was a bit of a stretch to $ 3,375 before the R1 resistance was hit. The R2 resistance to $ 3,406 is a close influence level to reach Tuesday, as this integration is not yet due to a breakout.
On the downside, S1 support gives the pillow to $ 3,290. Plus, the technical pivotal floor near $ 3,245 (April 11 high) is playing. Finally, the S2 support at $ 3236 should avoid any further collapse at the pivotal level at $ 3,167 (April 3 high).
Xau/USD: Sun -Taral chart
US-China Trade War Faqs
In general, a trade war is an economic conflict between two or more countries due to intense protectionism at one end. This indicates the creation of trade barriers, such as tariffs, resulting in counter-barriers, increasing import costs, and therefore the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers in China, claiming unfair commercial skills and theft of intellectual ownership from the Asian giant. China has taken revenge action, which imposes tariffs on many US goods, such as vehicles and soybeans. The tension increased until the two countries signed the US-China Phase One Trade Deal in January 2020. The agreement required structural reforms and other changes to the Chinese economic and trade regime and pretended to restore stability and trust between the two countries. However, the coronavirus pandemic took the focus on chaos. However, it is worth mentioning that President Joe Biden, who was in office after Trump, kept the tariffs in the area and added some additional levies.
Donald Trump's return to the White House while the 47th US president caused a fresh wave of tension between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariffs in China once he returned to the office, which he made on January 20, 2025. By Trump back, the US-China trade war was intended to continue where it was left, with title policies of title affecting the global economic landscape among the interruptions Global supply chain, resulting in a reduction in spending, specific investment, and direct feeding to consumer index prices.
