Pegaxy USD Price & Performance (PGXUSD)

Gold prices started the week under pressure as economic uncertainty, driven by rising tariffs and geopolitical risks, weighs on market sentiment. The upcoming U.S. CPI data could further influence gold's trajectory, with inflation concerns potentially supporting its safe-haven appeal. Technical analysis shows mixed signals, with resistance at $2,924 and support at $2,881.1

Gold prices recently reached a record high of $2,956 before retreating slightly. The rally was fueled by safe-haven demand amid ongoing tariff concerns and economic uncertainty. However, analysts suggest further gains may require breaking resistance at $2,960, with $3,000 now seen as the next major milestone for the precious metal.2

Gold prices maintained their ground above $2,900 as renewed U.S. tariff threats bolstered safe-haven demand. Market watchers remain cautious, as inflation concerns tied to tariffs might prompt the Federal Reserve to maintain higher interest rates, potentially capping gains for gold. The metal currently trades near $2,920.3