DXdao USD Price & Performance (DXDUSD)

Gold prices are fluctuating near $2,900 as market participants react to mixed signals from U.S. President Donald Trump regarding tariffs. Concerns about inflation and economic slowdown continue to influence gold's appeal as a safe haven. Traders are closely watching upcoming GDP and durable goods data for further direction.12

Gold's recent performance reflects market caution, with prices unable to sustain gains above $2,924. Upcoming U.S. CPI data could influence gold's trajectory, as inflationary pressures remain a key concern. Technical analysis suggests resistance at $2,924, while support levels are seen at $2,870 and $2,850, indicating a mixed outlook for traders.34

Gold touched a record high of $2,956 but has struggled to break through $2,960. Tariff concerns and inflation fears are supporting gold's safe-haven demand, while traders anticipate volatility ahead. The $3,000 milestone remains a psychological barrier, with analysts suggesting additional catalysts are needed to sustain upward momentum.45