Gold Holds Heavy Loss as Markets Latch Onto US-China Optimism

Gold holds loss as markets latch onto US-China optimism

Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for havens.

Gold Holds Heavy Loss as Markets Latch Onto US-China Optimism

Gold rebounded as investors focused on a key US inflation report, after the precious metal slumped with other haven assets on Monday following a trade truce between Washington and Beijing.

Gold (XAUUSD) Price Forecast: Bulls Defend Key Support Zone Ahead of Crucial CPI Data

Daily Gold (XAU/USD)The rebound was fueled by a successful retest of a retracement zone between $3228.38 and $3164.23. Buyers also defended the May 1 swing bottom at $3201.95, temporarily halting the bearish momentum. However, the upside appears limited without a move through resistance between $3318.50 and $3351.08, where sellers are likely to re-emerge. A break below $3201.95 would shift the main trend to down on the daily swing chart and targ…

Gold prices rebounded on Tuesday, rising 1% to $3,261 an ounce on the Comex division of the exchange, on cautious inflation expectations in the United States and recent adjustments to trade tariffs between Washington and Beijing. The move follows a sharp drop of about 3% in the previous session, triggered by announcements that the United States would reduce tariffs on most Chinese goods to 30%, while China would impose lower tariffs on American …

US-China Calm Alters Short-Term Gold Ownership Need

US-China Calm Alters Short-Term Gold Ownership Need When we look at the gold chart, you can see how the market broke back down. We have a pattern of a higher high and a lower low. Ira Epstein Tue, 05/13/2025

Profit-taking pressure pounds gold amid better risk appetite

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