Gold prices continued their record rally on Monday and broke through the key $2,900 level for the first time, driven by safe-haven demand as U.S. President Donald Trump’s new tariff threats amplified trade war and inflation concerns.
The Gold-Dollar pair exploded 1.2% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 2831.6 | Resistance: 2968.4
The U.S. dollar fell to its lowest in more than a week as investor nerves about a global trade war abated, while the Japanese yen rallied on the back of strong wage data. Euro rose slightly after dropping to start the week.
Gold prices continued their record run, as investors sought the safe-haven asset amid escalating concerns about a U.S.-China trade war and the potential impact on economic growth.
The Gold-Dollar pair exploded 1.0% in the last session. The ROC is giving a positive signal.
Support: 2798.8 | Resistance: 2926.3
The S&P 500 and the Dow rose, as investors started to brush off disappointing Alphabet earnings and weighed the prospect of future interest rate cuts from the U.S. Federal Reserve. Google-parent Alphabet dropped 7.3% after posting downbeat cloud revenue growth.
The U.S. dollar edged lower as President Donald Trump’s tariff threats were interpreted more as a negotiating tactic rather than an end goal, a day after he suspended planned measures against Mexico and Canada.
Bitcoin risks a deeper correction as fears of a potential global trade war escalated following import tariffs announced by US President Donald Trump and China’s Ministry of Finance. The Ministry of Finance of the People’s Republic of China announced new import tariffs of up to 15% on some US imports effective February 10.
The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Stochastic-RSI is giving a positive signal.
Support: 93946 | Resistance: 105238
