XAUUSD

The U.S. planned customs tariffs and risk perceptions related to the Ukraine-Russia war continue to impact the markets. The U.S. Treasury Secretary's indication that sanctions could be reassessed for a potential agreement between Ukraine and Russia has helped alleviate geopolitical risks. This situation has led to short-term declines in the Dollar Index and a slight decrease in gold prices. Today, data such as preliminary manufacturing and services PMIs, existing home sales, and Michigan consumer sentiment will be monitored.

Gold is trading within a price range supported by the indicators we are observing in the short term. If the precious metal continues to stay within the 2920-2940 range, a positive expectation may emerge. However, sustained pricing above the 2940 level is necessary for this expectation to solidify. Otherwise, maintaining levels below 2920 could bring negative scenarios into consideration.