- Gold reaches a profit, rising more than 4%within two days of trading.
- The geopolitical risks of the Trump administration, Asian currency and Israel are returning to gold.
- The doll risks remain on several fronts, increasing the possibilities that gold will test it all time with the highest level of $ 3,500.
Gold (XAU/USD) reaches $ 3,387 at the time of writing, printing fresh two -week high geopolitical tensions worldwide by investors' demand for safe impaired assets. In the Middle, Israel conveys its terrestrial attack on the Gaza strip to fully drive the area.
In United States (US), the pressure on US President Donald Trump and his administration is based on the first trade agreement. Trump and his office have soon been very loud in terms of transactions, with US Trade Secretary Howard Lutnick said the first trade transaction is the top ten economy, FOX News reported.
Meanwhile there are some very sharp moves Forex market They also keep investors on the edge. Traders are trying to evaluate how to see themselves after Taiwan's dollar (TwD) precipitation on Monday after it was evaluated sharply with the US Dollar (USD). Higher risk is to express the domino effect US dollar – which can weaken against other larger Asian currencies – making it more permanent and reliable into a secure shelter currency and becomes gold.
An additional element that pushes the precious metal even higher this Tuesday is from Germany's German Bundestag. Quite a ceremonial vote to ensure the appointment of Chancellor Friedrich Merz was mostly below. This event has never happened in German history, and means that the Chancellor has already lost the coalition most of the trust, which opens the door to Germany's political uncertainty without hints, if a new vote could take place, or a new Chancellor must choose or even new SNAP elections.
Daily Digest Market Movers: Difficulties in Asia
- Market minds will improve touch on Tuesday after the Taiwanese dollar (TWD) moves on Monday, but the focus on Asian currencies remains. Saxo's main investment strategist in Singapore said Chana Chanana that “today is the actual activity in Asia in FX”. Chanana continued that “if these currencies are strengthened sharply, it could cause fear of the opposite currency crisis in Asia, which has potential buzzing in the bond market, fearing that Asian authorities will appreciate their unused exposure to the treasury,” Reuters reports. In general, golden benefits are when US bonds begin to show lower returns for investors.
- Shanghai Gold Exchange plans to expand its warehouse network in Hong Kong, helping to raise the profile of its yuan arrested products, including mainland China Beyond for precious metal, Bloomberg reports.
- The CME Fedwatch tool shows the possibility of reducing the federal reserve interest rate at a 2.4% chance of 97.6% probability that there are no changes. The meeting in June has a 29.8% probability of cutting rates.
Gold Price Technical Analysis: Lots of talks, many results
Gold price is above the rally that seems to be the second wave of a secure shelter in a precious metal. Balances and powers in financial markets change and one of them seems to be a green setback that loses its status a venue in favor of a precious metal. In this scenario, gold will be set higher if President Trump and his administration will soon be unable to announce with any country, preferably with G20.
During the fourth, R1 resisted with $ 3,368 this Tuesday in early trading in the top test. If any follow -up comes, the R2 resistance can be seen very quickly with a $ 3,403 test. The highest price of all time at $ 3,500 may be too far for traders for testing on Tuesday.
The downside is the first level to look at at a turning point of $ 3.303. In addition, the Daily S1 support is $ 3,268, which falls at the lowest level of last week on April 30, 28, 25 and 23. The technical level cost $ 3,2,245 to do the trick and keep it when there was a sudden turning.
XAU/USD: daily chart
Tariffs
Tariffs are customs duties imposed on the import or category of products of certain goods. Tariffs are designed to help local manufacturers and manufacturers be more competitive in the market, providing a valuable advantage over similar goods that can be imported. Tariffs are widely used as protectionism tools with trade barriers and import quotas.
Although both tariffs and taxes earn both government revenues for public benefits and services, they have many differences. The tariffs are paid at the entry port, but the taxes are paid during the purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
There are two thought schools among economists on the use of tariffs. Although some claim that tariffs are needed to protect domestic industries and solve trade imbalances, others consider them as a harmful tool that can raise prices and lead to damaging trade war in the long run, encouraging tariffs.
Before the presidential election in November 2024, Donald Trump made it clear that he intended to use tariffs to support US economy and American manufacturers. In 2024, Mexico, China and Canada accounted for 42% of the US import. During this period, according to the Mexican US Census Bureau, the $ 466.6.6.6.6 -billion exporter. Therefore, Trump wants to focus on these three countries when setting tariffs. He also intends to use the income earned through tariffs to reduce personal income taxes.
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