Synthetix USD Price & Performance (SNXUSD)

Gold prices have been fluctuating as U.S. tariff policies create market uncertainty. Recent announcements regarding tariffs on Canada, Mexico, and the EU have kept investors cautious. While gold reached a record high of $2,956, profit-taking and mixed inflation data have tempered its momentum, leaving traders eyeing the $3,000 mark.123

The U.S. dollar's recent decline has bolstered gold's appeal as a safe-haven asset. Despite hawkish Federal Reserve signals, gold remains resilient, supported by inflationary concerns and geopolitical tensions. Analysts predict that gold's upward trend could continue, especially if inflation data surprises to the upside in the coming weeks.456

Upcoming U.S. inflation data is anticipated to influence gold prices significantly. Persisting inflationary pressures and tariff-related uncertainties have already supported gold near $2,900. Market participants are watching for signs that could either propel gold toward the $3,000 threshold or trigger a pullback below critical support levels.78