XAUUSD

U.S. President Trump announced plans on Tuesday to impose new tariffs on semiconductor and pharmaceutical imports, as well as automobile tariffs. This development has escalated trade tensions, causing fluctuations in the markets. Additionally, an increase in gold prices per ounce has been observed due to pressures from the rising Dollar Index. Today's FOMC meeting minutes are also expected to be monitored.

Gold is currently trading at levels supported by short-term indicators. The precious metal may continue its upward trend as long as it remains above the 2900 – 2920 range. If positive movements persist, a rise towards the 2930 and 2940 levels could occur. However, if prices remain consistently below the 2900 – 2920 range, declines may come into play, and levels of 2890 and 2877 might be tested.