XAUUSD

The increase in tariffs on imports from the US, Canada, Mexico, and China has led to a significant rise in the Dollar Index. President Donald Trump has imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on products from China. While this situation increases demand for safe havens, the strengthening Dollar Index negatively impacts gold prices. Throughout the day, the ISM manufacturing PMI and manufacturing PMI price index data may be closely monitored.

Currently, gold is trading within a price range supported by the indicators we are tracking in the short term. The precious metal is currently in the 2770 – 2780 zone, and if it continues to hold these levels, the bullish scenario may remain valid. Sustained pricing above the 2780 level is crucial for strengthening positive expectations. In potential recoveries, the 2790 and 2800 levels may come into play, while permanence below the 2770 level could increase negative expectations.