Ovato USD Price & Performance (OVOUSD)

Gold prices started the week under pressure as global markets react to escalating tariffs and economic instability. Recession fears and geopolitical tensions are driving mixed investor sentiment. While gold remains a safe-haven asset, technical analysis indicates a short-term downtrend, with resistance at $2,924 and support levels at $2,870 and below.1

Gold continues to hold above $2,900 as inflation concerns and geopolitical tensions dominate market sentiment. Central bank policies and economic data releases, such as inflation rates and GDP figures, are key to shaping gold’s future. Investors are advised to monitor global events and diversify portfolios to manage risks effectively.2

Gold reached an all-time high of $2,956 before retreating slightly as traders pulled back. The metal’s rally is fueled by tariff concerns and inflation fears, but breaking the $3,000 mark remains uncertain. Market volatility is expected to persist, with traders watching resistance levels closely for further price action.3