Axelar USD Price & Performance (AXLUSD)

Gold prices, after touching a record $2,956, are struggling to maintain momentum as traders pull back. Market uncertainties, including potential tariff hikes and inflation fears, are influencing the precious metal's performance. Analysts suggest that breaking the $2,960 level is crucial for further gains, with the $3,000 milestone still in sight.12

The US Dollar's recent decline, despite hawkish Federal Reserve signals, has strengthened the Japanese Yen and supported gold prices. Meanwhile, the Bank of Japan's potential rate hikes are driving Yen demand. Analysts note that gold's dual role as a safe haven and risk asset keeps it resilient amid mixed market signals.34

Gold prices remain under pressure as market participants grapple with President Trump's inconsistent tariff policies and rising inflation expectations. While gold serves as a hedge against economic uncertainty, its failure to break key resistance levels has raised questions about its near-term trajectory, particularly ahead of US CPI data.56