The price of gold is maintained in strong intradic earnings; Wait for the US CPI for a new impulse

• The price of gold continues to attract safe refuge flows amid the growing commercial tensions between the US and China.
• Betting for multiple feat cuts of the Fed weigh on the USD and also benefit the precious metal.
• A solid recovery in the feeling of risk fails to undermine the XAU/USD torque.

The price of gold (Xau/USD) touches a new weekly maximum, around the area of ​​3,132 $ -3,133 $ when entering the European session, since concerns about the escalation of commercial tensions between the US and China continue to boost the flows towards safe shelters. In addition, fears that tariffs hinder economic growth and increase inflation turn out to be another factor that benefits precious metal status as coverage against price increase. Apart from this, bets for multiple trimming of interest rates on the part of the Federal Reserve (Fed) push the metal without up -up performance for the second consecutive day.

Meanwhile, the prospects of greater relief by the Fed fail to help the US dollar (USD) attract significant buyers, which provides additional support for the price of gold. The positive impulse seems to be quite unchanged by a strong recovery in the feeling of global risk, reinforced by optimism about the decision of the US president Donald Trump of Pausar the reciprocal tariffs The nations. The operators now wait for the inflation figures to the US consumption to obtain clues about the feature of the Fed fees, which should provide a boost to the torque Xau/usd.

Daily summary of market movements: gold price bundles maintain control while the commercial war between the US and China continues to promote the demand for safe refuge

• In less than 24 hours after new elevated tariffs came into force on Wednesday, US President Donald Trump took an abrupt turn and announced a 90 -day break in the high tariffs on most nations. However, Trump increased the tax rate on China’s assets to 125% after the latter declared an additional 50% tariff on US imports.
• Investors now seem worried that a total commercial war between the two largest economies in the world enlivens inflation and
• hinder global growth. This, in turn, helped the price of safe refuge gold to rise more than 2% on Wednesday and register its best day since October 2023. The impulse seems not to be affected by a strong recovery in the shares of shares.
• The operators reduced their most aggressive rate cuts for the Federal Reserve (FED) after the minutes of the March FOMC meeting revealed that officials unanimously agreed that the US economy was at risk of experiencing higher inflation. In addition, a group of influential ones responsible for the Fed requested a cautious approach to interest rate cuts.
• The president of the Fed of Minneapolis, Neel Kashkari, said that the bar to cut rates is still high, since tariffs can lead to inflation. In addition, the president of the Fed of Cleveland, Beth Hammack, said that monetary policy is moderately restrictive at this time, although I would prefer to wait for moving in the wrong direction with interest rates.
• Separately, the president of the Richmond Fed, Tom Barkin, warned that tariff price increases could begin in June and that price increases require that the US Central Bank be cautious. In addition, the president of the Fed of St. Louis, Alberto Musalem, said it is risky to assume that the Fed can ignore the highest prices for tariffs, since there is the possibility that some effects can persist.
• The operators reacted quickly and are now valuing the possibility that the Fed resumes their cycle of feat cuts in June and deliver only 7 basic points of rates reductions throughout the year. However, this is recently to help the US dollar to capitalize on the night rebound or attract vendors around yellow metal without yield.
• Investors now expect the publication of US consumption inflation figures, which will be followed by the US Production Price Index (IPP) Xau/usd.

The price of gold seems to be prepared to appreciate even more and try again the historical maximum, around 3,167-3,168 $ reached last week

From a technical perspective, the merchandise showed some resistance below the simple mobile average (SMA) of 200 periods earlier this week and the subsequent upward movement favors upward operators. In addition, the positive oscillators in the daily chart support the perspectives of an additional movement of appreciation for the price of gold. Therefore, a certain strength of monitoring towards the re-provoking of the historical peak, around the region of 3,167-3.168 $ reached earlier this month, seems to be a different possibility.

On the other hand, a weakness below the $ 3,100 mark could find a decent support near the 3,065 $ -3,060 $ region. The aforementioned area should act as a key point, which if it breaks decisively could make the Gold price Be vulnerable to accelerating the fall back to the psychological brand of 3,000 $. The latter now coincides with the 200 periods SMA in the graphic 4 hours, which should act as a key point and if it breaks decisively, you could change short -term bias in favor of bassists.