Bibox Token USD Price & Performance (BIXUSD)

Gold prices are experiencing pressure due to ongoing market uncertainties, including rising tariffs and geopolitical risks. Upcoming US CPI data, expected to show persistent inflation, may influence gold's trajectory. While recent technical indicators suggest a downtrend, traders are closely watching key resistance and support levels around $2,900.12

Gold has seen increased demand as a safe-haven asset due to escalating US tariff threats. Despite this, higher interest rate expectations from the Federal Reserve could limit gold's upward potential. Analysts suggest the current pullback may be temporary, with long-term bullish sentiment remaining intact for the precious metal.23

Gold recently hit a new record high of $2,956 but has since faced challenges maintaining momentum. Market concerns over US tariff policies and inflation risks continue to support gold prices, while traders eye the $3,000 milestone. Volatility is expected to persist as traders assess economic and geopolitical developments.34