- Gold Thists Fresh All-Time amid Trump’s tariff speculation on April 2 can target all trading partners.
- Goldman reduces American recession to 35 % with feelings of feelings and Washington indicates tolerance with slowdown.
- The DXY and DXY rises, but it fails in the Gold gathering where safe driving flows dominate the main American data.
Gold prints another record on Monday, exceeding $ 3,100 threshold for the first time and its gains extend to the highest level ever at 3,127 dollars somewhat before declining. The uncertainty surrounding the American trade policies and the liberation day on April 2 is the rest, as investors turn to avoid risks and flow on the attractiveness of safe yellow yellow. At the time of this report, Xau/USD is traded at $ 3,119, an increase of more than 1 %.
Risk appetite deteriorates as traders are waiting for the announcement of additional definitions on Wednesday. Goldman Sachs revealed that the chances of stagnation in the United States (the United States) increased from 20 % to 35 %, due primarily to pessimism and family pessimism about expectations, as well as Washington’s tolerance of the deeper economic slowdown.
Trump’s comments on Sunday on Air Force One have increased the chances that the customs tariff will be global, instead of 10 or 15 revealed by US Treasury Secretary Scott Payette. The president said: “Who told you 10 or 15? Maybe you heard that, but you have not heard of me.” “You will start with all countries. So let’s see what is happening.”
Therefore, alloy prices exploded, although the revenues of the US Treasury bonds have recovered some land, especially the penalty shootout for 10 years. The US dollar index (DXY), which tracks the value of Pak for a basket of six currencies, climbs 0.24 % to 104.25.
At the front of the data, Chicago’s notes improve, although staying in the shrinkage area for the sixteenth month in a row. Before this week, the American Dowcast will include ISM manufacturing and PMI, as well as non -agricultural salary lists.
Digest Market Mark: Gold prices rise amid US Treasury Revenue
- T-note for 10 years is flat at 4.257 %. The United States The real returns decrease two BPS to 1.86 %, according to the US -year -old securities revenue for 10 years (TIPS).
- Chicago PMI data increased for the month of March 47.6 points from 45.5 and exceeded 45.2 expectations. It is worth noting that this is the largest level since November 2023, yet it remains in the shrinkage area for the sixteenth month in a row.
- Some sub -items, such as production, new orders, employment, and accumulation of requests. Delivery of suppliers, stocks and paid prices, according to the poll.
- Last week, US inflation data was fixed, according to the US Economic Analysis Office. However, the stagnation risk prompted the market participants to the price of more than 74 basis points for mitigation at the end of 2025, according to the Chicago Trade Council data.
- In the area of political geography, US President Donald Trump threatened to impose secondary tariff fees ranging from 25 % to 50 % on Russian oil buyers, if Moscow prevents his efforts to end the war in Ukraine.
- Wall Street banks updated their golden forecast last week. Economists in Goldman Sachs, Société Générale and Bank of America 3300 were set as the next goal, according to the Kitco article.
Technical expectations Xau/USD: Gold prices clusters after $ 3,050, eyes on $ 3,100
The gold rally extends. The yellow metal increased by 18.96 % so far this year, and because of uncertainty in the financial markets, the upward trend can continue. Although the RSI is at the height of the purchase, traders should realize that due to the aggressive of this step, the most extreme level is 80.
The following resistance for Xau/USD will be the psychological amount of $ 3,150 and $ 3200 on the top side. On the other hand, the first support for alloys will be $ 3100. The latter’s breach will expose high support on March 20 at 3,057 dollars, followed by the number of $ 3,000.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
