President Trump wrote on Truth Social that imports of gold will not be tariffed, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bullish momentum on daily chart fades
"This helped to remove earlier confusion when media earlier reported that 1-kg and 100-oz gold bar imports from Switzerland will be tariffed at 39%. Nevertheless, there is still no formal update/ executive order passed on this. Near term, US CPI and market expectation of Fed cut trajectory may also influence gold outlook."
"XAU was last seen at 3351. Mild bullish momentum on daily chart faded while decline in RSI moderated. Key area of support around 3340/50 (21, 50 DMAs). Decisive break puts next support at 3290 levels. Resistance at 3450, 3500 (2025 high)."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
[U.S. IPO] Black Rock Coffee Bar Raises $294M in US IPO, Shattering Restaurant Sector's IPO Lull
TradingKey - U.S. coffee chain Black Rock Coffee Bar completed its initial public offering (IPO) on Thursday, becoming the first restaurant company to enter the U.S. market since Cava Group's listing in 2023.TradingKey
12 hours ago
-6507598d1aaa47a897fa7c4e5c180b40.jpg)
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilizeTradingKey
13 hours ago
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%TradingKey
Tue, Sep 9
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
Thu, Sep 4
Tradingkey
