Gold Prices Hit Record High Amid Trump Tariff Jitters: Expert Trading Tips
Gold prices have surged to a record high near $2,950/oz, driven by ongoing concerns over US President Donald Trump’s tariff policies. The precious metal’s safe-haven appeal has been boosted by the lingering uncertainty surrounding the US-China trade dispute.
Key Drivers of Gold Prices
- Trump Tariff Jitters: Ongoing concerns over US President Donald Trump’s tariff policies driving gold prices higher
- US-China Trade Dispute: Lingering uncertainty surrounding the trade dispute boosting gold’s safe-haven appeal
- Global Economic Uncertainty: Concerns about a potential global economic downturn driving investors towards safe-haven assets
Expert Trading Tips and Analysis
Get expert trading tips and analysis on gold, silver, XAUUSD, crude oil, and natural gas.
- Gold Trading Tips: Buy gold futures on dips
- Silver Trading Tips: Watch for breakout above $18.50
- XAUUSD Trading Tips: Buy on dips
- Crude Oil Trading Tips: Monitor oil supply
- Natural Gas Trading Tips: Track weather forecasts
Market Outlook
The current market sentiment is bullish for gold, with investors expecting further price increases amid ongoing trade tensions and global economic uncertainty. However, some analysts believe that gold prices may decline in the long term, driven by increasing global supply and weakening demand.
Technical Analysis
- Support levels: $2,900, $2,880
- Resistance levels: $3,000, $3,050
