Market Analysis for Today

Amidst the escalating trade war and a mixed US employment report, gold resumed its upward trend on Friday, trading at $2,862 with a 0.24% increase.

US President Donald Trump plans to announce tariffs on many countries this week, providing a lifeline for gold traders as gold tends to rise amid such announcements. Consequently, weekend tensions may enhance gold's appeal as a safe haven.

Gold opened at around 2856 and rose to around 2870 at the highest and around 2853 at the lowest before press time.Pay attention to the resistance of 2880-2890-2900 If it fails to break through, it will test 2840-2830-2820