Gold prices drop for the third straight day, extending their pullback from the $3,435 resistance toward the key $3,341 support.
Risk sentiment remains slightly positive early Thursday, despite mixed trade headlines and caution ahead of key events.
Market sentiment is slightly positive early Wednesday as traders welcome the US-Japan trade deal after much drama.
Monday was a less volatile day for global markets, marked by limited economic activity due to Japan’s market holiday and fewer data releases.
Traders remain mostly inactive as Japan’s holidays and the pre-Federal Open Market Committee (FOMC) blackout period keep market moves subdued despite weekend news.
Strength in the dollar is weighing on gold prices, which are testing key support near $3,315 and are also set for their first weekly loss in three weeks.
Markets remain volatile early Thursday, following a highly turbulent day influenced by Trump’s actions, US Producer Price Index (PPI) data, and geopolitical developments.
Global markets edged lower as uncertainty grew around U.S. President Donald Trump’s tariff threats and his involvement in the Middle East and Ukraine-Russia conflicts.
Markets opened slightly positive on Tuesday, supported by stronger-than-expected growth and activity data from China.
Markets kicked off the week on shaky ground after U.S. President Donald Trump reignited trade fears by threatening steep tariffs if trade deals aren’t finalized by August 1.
US President Donald Trump announced a new round of tariffs on Thursday, this time targeting top-tier economies like Europe and Canada, after already hitting Japan earlier in the week.
On Wednesday, President Trump hit the markets with new tariffs, 50% on copper and 30% on imports from Brazil and Sri Lanka, raising concerns that he might disrupt the global economy.
U.S. President Donald Trump’s 50% tariffs on copper and plans to impose additional tariffs on more countries unsettled the markets as traders await the release of the latest FOMC Minutes.
