Sakura USD Price & Performance (SKUUSD)

Gold prices are encountering downward pressure due to escalating tariff uncertainties and recession fears. Market participants are closely observing the U.S. CPI data release, which could influence inflation expectations and gold's appeal as a safe haven. Technical indicators show mixed trends, with key resistance at $2,924 and support at $2,870.1

Gold reached a record high of $2,956 per ounce before retreating as traders exercised caution. The rally, fueled by safe-haven demand amid tariff hikes, now faces challenges in breaking through the $2,960 mark. Analysts suggest that volatility will persist as the market assesses economic and geopolitical risks.2

Gold prices are under pressure as a stronger dollar and tariff concerns weigh on the market. Analysts predict a potential decline toward $2,770, with inflationary fears and economic uncertainty driving investor sentiment. The interplay between currency movements and safe-haven demand remains a focal point for traders.3