- summary:
- The price of gold has returned to the upward trend, as it took the sermon from the stock market where investors are betting on the American technology industry to overcome the Deepseek attack.
The price of gold in the European session rose on Tuesday, when stock markets were recovered from Monday’s defeat. The gold stain was traded at $ 2,747 at the time of writing this report, an increase of 0.1 % on the daily chart. The precious metal was withdrawn by the morale of the stock market yesterday, as Dibsic sent a shock through the technology industry.
However, the commodity that chose signals from the stocks on Tuesday with the wider market recovery, the narration is that the impact of Deepseek on the market is likely to explode. He also pushed the US President to reduce interest rates as a key in business before the interest rate of the Federal Reserve on Wednesday.
While decision -making in the central bank is independent of Trump, the market morale indicates that some traders view the president’s expression that he put pressure on FOMC members.
Trump recently announced his intention to start tariff plans against imports from some of the main commercial partners, a factor that can maintain high inflation. As a result, the Federal Reserve is likely to maintain a rate of 4.5 %, a step that may be subject to upward gold. The high -level interest -faced morale has pushed the US Treasury bonds for a period of 10 years, increasing 4 basis points to 4.569 % to this writing.
Also, calming the war speech in the Middle East and between Russia and Ukraine denied gold its geopolitical premium. Friday data for personal consumption spending (PCE) will provide clearer instructions for inflation and interest rates, and inject new fluctuations in the price of gold.
Gold price prediction
The price of gold at $ 2,739 stimulates the procedure above this level, checks more asceticism and indicates the money flow index (MFI). Xauusd is likely to meet the first resistance at $ 2,751. However, the expanded control by buyers will clarify this Mark and may test 2763 dollars.
Instead, the momentum can turn to the downside if the price of gold decreases to less than $ 2,739. In this case, Xauusd’s pair is likely to find the first support at $ 2730. The collapse without this level will nullify the bullish direction, and the metal may take less to test $ 2,724.
