CVE/USD Price & Performance (CVEUSD)

Gold prices are under pressure due to escalating tariff tensions and recession fears. While recent profit-taking has contributed to a dip, upcoming U.S. inflation data could shift market dynamics. Analysts suggest sustained uncertainty might bolster gold as a safe-haven asset, though technical resistance levels remain a challenge for further gains.12

Gold reached an all-time high of $2,956 before retreating slightly. Safe-haven demand persists amidst tariff hikes and inflation concerns, yet traders are cautious of further gains. Breaking the $3,000 milestone will require renewed bullish momentum, as current market sentiment shows signs of hesitation.34

Gold's appeal as a safe-haven asset remains strong due to ongoing tariff uncertainties and inflation risks. While President Trump’s tariff announcements continue to impact sentiment, the potential for higher interest rates could limit gold's upside. Market watchers anticipate further volatility in the near term.24