XAUUSD

Gold prices have shown a strong rise due to the resurgence of geopolitical risks and trade tensions, reaching up to $3,500. President Trump’s announcement that he would not dismiss Fed Chairman Powell and would adopt a softer stance in trade talks with China led to a short-term correction in the markets; however, tariff concerns and trade uncertainties continue. Investment banks warn that increasing trade tensions and customs tariffs could raise inflation back to levels of 4-5%. This situation reinforces gold's status as a safe haven and its protective quality against inflation. From a technical perspective, XAU/USD shows a strong outlook above the pivot level, indicating a direction towards targets of $3,300 and above. The tendency of global central banks to increase gold reserves, alongside geopolitical risks and uncertainties, continues to support gold demand. China's strategy to avoid the US dollar and the potential for Chinese investors to turn to gold against possible currency devaluations are also pushing prices upward. JP Morgan analysts predict that gold prices could rise to $2,950 by the end of the fourth quarter of 2025.