Gold prices hit an all-time high, bolstered by safe-haven inflows after U.S. President Donald Trump’s tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth, even as Mexico’s tariffs are on 1-month pause.
The Gold-Dollar pair rose 0.9% in the last session. The ROC is giving a positive signal.
Support: 2727.1 | Resistance: 2901.9
Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses.
The last session saw Alibaba’s stock gain 1.8%. The CCI is giving a negative signal.
Support: 90.476 | Resistance: 106.97
The dollar index was lower after U.S. President Donald Trump paused new tariffs on Mexico for one month, after the country agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, Trump said.
U.S. investors rattled by last week’s sharp tech sell-off will closely watch upcoming jobs data for signs of continued economic resilience, which could fuel inflationary concerns already stoked by President Donald Trump’s policies.
Gold prices surpassed the key $2,800 mark for the first time on Friday, fuelled by a rush to safety following U.S. President Donald Trump’s tariff threats, which heightened concerns about global economic growth and inflationary pressures.
The Gold got a slight bump of 0.2% against the Dollar in the last session. The ROC is giving a positive signal.
Support: 2761.7 | Resistance: 2842.1
The U.S. dollar advanced against major currencies on Friday, while the Canadian dollar weakened and the Mexican peso edged higher after the White House reiterated that President Donald Trump will impose tariffs.
