- Gold prices are less for the third day in a row on Friday, amid a mixture of negative factors.
- Optimism about the American commercial deal, the United States and the US -Chinese negotiations undermine safe armed assets.
- The failure of the Federal Reserve in the US dollar is raised to a multi -price top and weighs on the Xau/USD pair.
The price of gold (Xau/USD) attracts some sellers follow -up for the third consecutive day on Friday and weakens more than 300 dollars during the Asian session. The commercial deal of the United States of America raised hopes for more deals with other countries and added to the latest optimism led by the announcement of the US -Chinese tariff negotiations. This is still supportive of a generally positive tone around the stock markets and is seen as a main factor that undermines the safe commodity. Meanwhile, the endowment in the Federal Reserve (USD) raises the USD to a four -week summit and weighs on the non -returned yellow metal.
However, the geopolitical risks resulting from the war of Russia and Krin, the escalation of tensions in the Middle East, and the Pakistani border in India can serve as the back wind of the price of gold. Traders may also refrain from putting aggressive stakes around the Xau/USD pair and choose to wait for the main addresses of commercial conversations between the United States of China. Meanwhile, speeches from a large number of FOMC members who influenced short -term opportunities will be searched later during the North American session. However, it appears that Xau/USD is ready to record modest gains for the first time in three weeks.
Daily Digest Market Movers: The price of gold is pressed by fading the safe demand for the heart and the strength inspired by the Federal dollar
- US President Donald Trump and British Prime Minister Kiir Starmer announced a limited bilateral deal on Thursday that leaves a 10 % tariff on the goods imported from the United Kingdom. In addition, US Trade Minister Howard Lottennik CNBC told Washington to offer dozens of commercial deals during the next month, although the customs tariff by 10 % was imposed on most countries to remain.
- Moreover, according to the Trump administration, the Trump administration is considering reducing the customs tariffs on China to 50 % from 145 % as soon as possible next week, adding to the optimism of the market and may get the Xau/USD pair. US Treasury Secretary Scott Beesen and American Trade Representative Jameson Jarir will meet with their Chinese in Switzerland on Saturday to discuss trade and economic issues.
- The Federal Reserve indicated on Wednesday that it does not tend to reduce interest rates anytime soon despite the increasing uncertainty about the economic view. This allows the US dollar to build on the last of the lowest multi -year level and climbs to a four -week summit during the Asian session on Friday, and contributes to leading flows away from the price of unrestricted gold.
- Russia and Ukraine reported attacks on their forces on the first day of one -sided shooting, called Russian President Vladimir Putin. Moreover, Israel’s escalation with the Iranian -backed Houthis in Yemen and fears of the broader military conflict along the Pakistani border in India maintains the geopolitical risks of play. This, in turn, can provide some support to precious metals.
- A large number of influential FOMC members will speak on Friday. Investors will search for more references about the future path of the rate of the Federal Reserve, which in turn will play a major role in leading the demand for the US dollar and provides a new payment force for the commodity, which is still on the right track to make modest weekly gains.
The price of gold can find some support near the 3,265-3,264 dollar area before extending the lower direction for three days
From a technical perspective, the collapse overnight through the resistance that turned to 3,260 dollars, which turned into support and subsequent segments without a brand of $ 3,300 on Friday prefers Xau/USD bears. However, the oscillator on the daily chart – although they lose traction – have not yet confirmed the negative bias. This, in turn, requires some caution before deeper losses and indicates that the price of gold can find some support near the horizontal area ranging between 3265 and 3,264 dollars. However, some follow-up sale should pave the way for a decrease towards intermediate support between 3223-3222 dollars on the road to a decrease last week, about $ 3,200.
On the other hand, the Asian session seems high, about 3,324 dollars, now works as an immediate obstacle. Any additional move can attract some sellers and achieve the price of gold near the fixed resistance between 3360 and 366 dollars. The ongoing power that exceeds the latter of the Xau/USD pair should allow the brand of $ 3400 and climb further towards the following relevant obstacle near the 3,434-3,435 dollar area, or high weekly high heights.
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.
