XAUUSD

Producer inflation in the U.S. increased, surpassing market expectations. Despite this, President Trump requested research on aligning tariffs with those of other countries before implementing customs duties. The delay in tariffs heightened concerns over global trade tensions, supporting safe-haven demands. These developments pressured the Dollar Index while providing opportunities for a rise in the value of gold. Retail sales data will also be monitored throughout the day.

The precious metal gold is trading above the level supported by the indicators we are tracking in the short term. As long as gold stays above the 2900 – 2920 range, it has the potential to maintain an upward trend. If positive movements continue, an increase towards the 2930 and 2940 levels may occur. However, a clear downward trend will need to see sustained pricing in the 2900 – 2920 range. In this case, the levels of 2890 and 2877 may come into focus. The critical range for the day is set at 2900 – 2920.