Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe-haven asset to seek cover from economic uncertainty sparked by U.S. President Donald Trump’s tariff war.
The Gold-Dollar pair saw a minor dip of 0.1% in the last session. The ROC’s is giving a negative signal.
Support: 2946.7 | Resistance: 3026.5
U.S. equities followed European stocks higher on Friday to end a bumpy week on a positive note, although safe-haven gold hit a record high with investors still showing some signs of anxiety about the economic impact of tariffs. S&P 500 was 10% down compared to it’s February high
The euro rose on Friday after German parties agreed on a fiscal deal that could boost defence spending and revive growth in Europe’s largest economy. The dollar weakened against the euro but rose against the Swiss franc and the yen, underpinned by the likelihood the U.S. government will avert a shutdown.
The Euro got a slight bump of 0.2% against the Dollar in the last session. According to the Williams indicator, we are in an overbought market.
Support: 1.0752 | Resistance: 1.1
The Bank of Canada trimmed its key policy rate by 25 basis points to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump’s tariffs.
Alphabet’s Google launched two new AI models tailored for robotics applications based on its Gemini 2.0 model, as it looks to cater to the rapidly growing robotics industry. Google’s launch comes a month after robotics startup Figure AI exited its collaboration agreement with ChatGPT-maker OpenAI.
Google shares saw a minor rise of 0.2% in the last session. According to the CCI, we are in an oversold market.
Support: 156.97 | Resistance: 172.99
Wall Street advanced as cooler-than-expected inflation data helped stanch a sharp selloff among growth stocks, while the escalation of U.S. President Donald Trump’s chaotic, multi-front tariff war kept gains in check.
