XAUUSD

President Trump warned that he would impose additional tariffs on EU products following the European Union and Canada's retaliation against trade barriers imposed by the US. Trade Secretary Lutnick announced that Trump would also apply customs duties on copper. Meanwhile, both general and core consumer inflation came in below market expectations. Amid rising uncertainty and concerns over falling inflation, gold prices continued their upward movement. Data on producer inflation and unemployment claims will be monitored throughout the day.

Gold is trading above the levels supported by the indicators being followed in the short term. As long as the precious metal remains priced above the 2907 – 2920 range, the desire for upward movement will continue. If positive movements persist, it may aim for levels of 2947 and 2955. However, if sustained pricing occurs below the 2907 – 2920 range, a desire for decline may emerge, potentially encountering levels of 2900 and 2890. Key level: 2907 – 2920 range.