Market Analysis for Today

After U.S. President Donald Trump's tariffs took effect, gold prices rebounded and rose, recovering to hover around the $3,082 level. The market had held out hope for a last-minute solution, as several news agencies reported on Monday that President Trump was considering a 90-day suspension of tariffs for all countries except China.

However, the White House stated that any suggestion that President Trump was considering a 90-day tariff suspension was “fake news.”

Gold opened at around 3081 and rose to around 3096 at the highest and around 3071 at the lowest before press time.Pay attention to the resistance of 3110-3120-3130 If it fails to break through, it will test 3150-3140-3130