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Gold Trade Reminder: Trump hinted at some flexibility on tariff issues, and gold prices are approaching the 3000 mark again.
On Tuesday (March 25), in the early Asian market, spot Gold experienced narrow fluctuations, currently trading around $3011.87 per ounce. Gold prices fell 0.4% on Monday, dipping to $3002.43 per ounce at one point, and closing at $3011.86 per ounce. The dollar reached its highest level in over two weeks, prompting more Gold bulls to take profits, and investors are evaluating President Trump's more cautious stance on tariffs against trade partners. Bart Melek, head of commodity strategy at TD Securities, stated: "We have set one record high after another, and now the market is just consolidating."
Trump's major tariff news has triggered a corrective pullback in gold prices! FXStreet Senior Analyst's latest gold trading analysis.
FXStreet Senior Analyst Dhwani Mehta stated in an article on Monday that during the early trading hours, gold prices experienced a corrective decline, dropping towards $3000 per ounce. The optimism triggered by the Wall Street Journal's report on USA tariffs has pressured gold prices. However, Mehta pointed out that as long as $2950 per ounce is maintained on the daily chart, gold prices will keep the 'Buy on dips' trading pattern.
Basel III and the Future of Gold: A Silent Transformation of the Global Financial System.
A seemingly ordinary set of Banks risk management regulations may be laying the groundwork for a larger MMF reset and higher Gold prices.
The major bull market for Gold has arrived! Bloomberg senior commodity strategist: These factors will drive the gold price to soar to 4,000 dollars.
Bloomberg's senior commodity strategist Mike McGlone predicts that as Gold seeks to establish its value above $3,000 per ounce, Gold prices may set another historical high.
Gold Gains 15% This Year, Stays Above US$3,000 Mark
Gold Trade Reminder: Gold prices have slightly retreated due to the rise of the dollar and profit-taking, but market sentiment remains bullish.
On Monday (March 24), in the early session of the Asian market, spot Gold fluctuated within a narrow range, currently trading around $3025.54 per ounce. Gold prices fell 0.7% last Friday due to a strengthening dollar and profit-taking, at one point touching the $3000 round number, however, geopolitical and economic uncertainties persist, along with expectations of interest rate cuts by the Federal Reserve, gold prices are still supported by dip buying and safe-haven buying. Last Friday, gold prices closed around $3023.04 per ounce, up 1.17% for the week, marking the third consecutive week of increase. Surveys show that most Analysts and retail investors still tend to have a Call on the gold price trend for the upcoming week. Traditionally,