Gold descends while the US dollar advances despite the renewed commercial tensions between the US and China

• The price of gold collapses to about $ 3,280 despite the fact that commercial tensions between the US and China have been renewed.
• The US Court of US Appeals temporarily lifts the prohibition on Trump tariffs.
• The underlying inflation PCE of the United States grew moderately 2.5%, as expected, in April.

He Gold price (Xau/USD) slides to about $ 3,280 during the American negotiation session on Friday, after a strong upward movement the previous day. The yellow metal faces sales pressure as the US dollar (USD) gains ground despite the fact that commercial tensions between USA (USA) and China have been renewed after President Donald Trump pointed out in a publication in Truth.Social that Beijing has violated the commercial agreement.

He US dollar index (DXY), which tracks the value of the dollar against six main currencies, rises to about 99.60. Typically, a stronger US dollar makes the price of gold a expensive bet for investors.

“The bad news is that China, perhaps not surprising some, has totally violated its agreement with the US,” Trump wrote.

Historically, the demand for shelter assets increases amid high geopolitical tensions.

The US dollar (USD) was already reflecting a stable yield after the US Court of US Appeals suspended the decision of the Federal Trade Court to ban the majority of tariffs announced by President Donald Trump, which could reduce the hopes of a permanent invalidation of import rights.

On Wednesday, the US Court of International Trade cited most of the tariffs announced by Trump as “illegal”, citing that the large commercial imbalances do not constitute a “national emergency” under the Law of International Emergency Emergency Powers (IEEPA).

Using the IEEPA law, Trump announced reciprocal tariffs on all its commercial partners, a tariff on Fentanyl to China, Canada and Mexico, and border negligence levies to their US peers.

Daily summary of market movements: The price of gold is weakened despite the soft data of US PCE inflation.

• The price of gold fails to attract offers despite a slowdown in the US PERSONAL CONSUMPTION EXPENSION PRICE INDEX (PCE) for April.
• The report showed that the underlying inflation data PCE of the US, which is the preferred inflation indicator of the Federal Reserve (Fed), increased at a moderate rate of 2.5% year -on -year, as expected, compared to 2.7% in March, reviewed down from 2.6%. In the same period, PCE inflation data grew by 2.1%, slower than 2.2%expectations and the previous publication of 2.3%. Monthly, both general inflation and underlying data grew 0.1%, as expected.
• However, the impact of US PCE inflation data will probably be limited in the formation of market opinions on the monetary policy of the Federal Reserve (Fed), since officials are more concerned with consumer inflation expectations in the midst of uncertainty about Trump’s tariff policy.
• On Thursday, the president of the Bank of the Federal Reserve of Chicago, Austan Goolsbee, declared that the high uncertainty about Trump’s tariff policy has stopped business in the US in the US. “If people cannot count on a consistent policy, then they will simply slow down and will not act,” Goolsbee said, according to Reuters. Regarding the Court’s decision against tariff policy, he added that uncertainty would increase if the administration chooses to maintain import rights in existence. Goolsbee also pointed out that those responsible for the policy could reduce interest rates if “tariffs are avoided through an agreement or otherwise.”
• The White House declared Thursday that it will keep tariffs in any way. “You can assume that even if we lose [en la corte]we will do it [aranceles] Otherwise, “said Washington’s commercial negotiator, Peter Navarro, according to Reuters.

Technical Analysis: The price of gold fights around the 20 -day EMA

The price of gold continues to fight near the ascending trend line in a daily temporal framework around $ 3,335, which is drawn from the maximum of December 12, $ 2,726. The short term of the precious metal is uncertain since it oscillates around the 20 -day exponential (EMA) mobile average, which is negotiated about $ 3,290.

The 14-day relative force (RSI) index oscillates within the range of 40.00-60.00, which suggests indecision among market participants.

Looking up, the maximum of May 7 around $ 3,440 will act as a key resistance to metal. At the bottom, the minimum of May 15 in $ 3,120 will be the key support zone.