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- DXY decreases by 0.32 % to 100.31 with US slide, which enhances the appeal to non -higher origins such as gold.
- Trump alludes to 80 % China’s tariff. The markets are preparing for the central commercial talks in Switzerland.
- The conflict is escalating in Pakistani India, which enhances safe flows amid a aversion to global risks.
Gold price More than 1 % went up on Friday when the US dollar fell (USD) after the publication of two days of gains, which weighing the US yield decline. Decreen in the appetite for risk reinforcing alloys, which are supported by geopolitical concerns. At the time of writing this report, Xau/USD is traded at $ 3338.
Wall Street records losses while merchants are preparing to meet between China and American delegations in Switzerland on Saturday. Although expectations are high because the trade war carried by the two countries can get rid of the escalation, investors have been cautious before the talks.
US President Donald Trump said that “the 80 % tariff in China appears right! Even Scott B”, via a social media post on Friday, said US President Donald Trump.
Bossilic prices are still high as hostilities increase between India and Pakistan. Both countries accuse each other of using drones and artillery on the third day of the conflict.
the US dollar The DXY index, which tracks the value of the Pak for a basket of six currencies, has made the number 100.00 and decreased by 0.32 % at 100.31, which is the back wind of yellow metals.
A large number of Federal Reserve (Federal Reserve) The wire officials crossed on Friday. Officials point out economic uncertainty and the risks of commercial policy, as the American customs tariff is vulnerable to inflation and complicates the mission of the central bank of achieving a balance between its double mandate goals.
Daily Daily Digest Market Movers: The high price of gold supported by low US cabinet revenues.
- US Treasury’s revenues rise after the Federal Reserve’s decision on Wednesday. The return in the Treasury bonds in the United States for 10 years is still fixed at 4.371 %. Meanwhile, the real returns in the United States are also 2.81 %, as shown in the securities protected in the treasury in the United States for 10 years.
- The World Gold Council revealed that the Popular Bank of China (PBOC) added Tannin to its golden reserves in April, for the sixth consecutive month. The National Bank of Poland (NBP) increased 12 tons in April to 509 tons, while the Czech National Bank increased its reserves by 2.5 tons in April.
- The exchange markets have been reduced so far in the first 25 basis points of the Federal Reserve (BPS) for the July meeting, and they expect two additional discounts at the end of the year.
Technical expectations Xau/USD: Gold price jumps over $ 3,300
The price of gold stops temporarily when the yellow metal fell below 3400 dollars. However, the momentum indicates that buyers intervene, as shown in the RSI Index (RSI), suggesting that the non -fortified metal can test the next main resistance level at 3350 dollars on its way about 3400 dollars.
On the contrary, gold can further decline in a daily closure of less than $ 3,300, which may offer a decrease in the May 1 at 3.202 dollars.
Common Gold questions
Gold played a major role in human history, as it was widely used as a store for value and exchange. Currently, regardless of its brilliance and use of jewelry, the precious metal is widely seen as a safe asset, which means it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against currency decline because it does not depend on any specific source or government.
Central banks are the largest gold holders. In their goal to support their currencies at troubled times, central banks tend to diversify their reserves and buy gold to improve the powerful power and currency. High gold reserves can be a source of confidence to the dissolved country. Central banks added 1136 tons of gold worth $ 70 billion to their reserves in 2022, according to the data of the Golden Golden Council. This is the highest annual purchase since the start of the records. Central banks of emerging economies such as China, India and Turkey increase their gold reserves.
Gold has a counter -relationship with the US dollar and the United States Treasury, which is one of the main reserves and safe assets. When the dollar decreases, gold tends to rise, allowing investors and central banks to diversify their assets at turbulent times. Gold is inversely associated with the origins of the risk. The assembly in the stock market weakens the price of gold, while sales in the most dangerous markets tend to prefer precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can escalate the price of gold due to its safe situation. As a lower asset than the return, gold tends to rise with low interest rates, while the high cost of money usually reaches the yellow metal. However, most moves depend on how the US dollar (USD) is behaved as the original is priced in dollars (Xau/USD). The strong dollar tends to maintain the price of gold -controlled gold, while the weakest dollar is likely to increase the price of gold.
