Analysis of today's market
Abstract：Despite U.S. President Donald Trump threatening to impose tariffs on three of its major trade partners in a post on his social media platform, the price of gold remained around $2,625 for the second c
Despite U.S. President Donald Trump threatening to impose tariffs on three of its major trade partners in a post on his social media platform, the price of gold remained around $2,625 for the second consecutive day. Normally, gold should rise amidst geopolitical uncertainties, but the easing of conflict in the Middle East has dampened sentiment towards the precious metal.
Gold traded at $2,625, with little change. Meanwhile, the latest meeting minutes of the Federal Open Market Committee (FOMC) have been released. They hinted that if inflation continues to rise, the Federal Reserve may pause interest rate cuts and keep them at restrictive levels.
Gold opened at around 2632 and rose to around 2634 at the highest and around 2626 at the lowest before press time.Pay attention to the resistance of 2650-2660-2670 If it fails to break through, it will test 2600-2590-2580
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