Gold News & Analysis Today

  • XAU/USD is holding above support at 3530.0, refreshing its yearly peak at 3500.0 after a U.S. appeals court ruled most import tariffs introduced by the White House unlawful. Although the decision can be appealed until October 14, it highlights rising public discontent with President Donald Trump’s policies, prompting investors to turn to gold as a safe-haven asset.

  • After recent stagnation in the crypto market, gold — Bitcoin’s traditional analog counterpart — has set a new all-time high, providing a strong bullish signal

  • XAU/USD continues its upward movement during the morning session, extending the strong bullish trend established last week. The instrument is testing the 3475.00 level to the upside, updating local highs from April 22.

  • The XAU/USD pair rose to 3395.00 and is moving toward the 3430.00 target in anticipation of a Federal Reserve rate cut at the September 17 meeting. Last week, Chairman Jerome Powell stated that the baseline forecast for the economy and a shifting balance of risks may require monetary policy adjustments, while labor market stability allows policymakers to act cautiously. Investors interpreted his comments as negative for the dollar and priced in an 87.0% probability of a 25-basis-point rate cut at the upcoming meeting.

  • XAU/USD quotes remain slightly above the 3350.0 support level, moving away from the prospect of updating the yearly high at 3500.0 after U.S. President Donald Trump announced that the recently introduced 39.0% tariffs on imports of gold bars over 100.0 ounces, scheduled to take effect on August 25 and targeting Switzerland’s largest export sector, would not be applied. Analysts had predicted that such measures could drive global gold prices higher and redirect trade flows to Asia. Bloomberg reported that tariffs above the expected 15.0% could have pushed gold prices into the 3,300–3,600 range per ounce within three months.

  • Forex EUR/USD Nears September 2021 Highs as Dollar Softens

  • Forex EUR/USD. The euro is advancing against the US dollar in the Asian session, extending a strong bullish momentum that began yesterday. After opening with a negative gap, EUR/USD quickly regained lost ground and is now testing the 1.1610 resistance, approaching multi-week highs.