Velas USD Price & Performance (VLXUSD)

Gold prices are facing downward pressure as market sentiment wavers due to rising tariffs and economic uncertainty. While geopolitical tensions continue to provide some support, profit-taking and resistance levels near $2,924 are keeping the metal in check. Upcoming U.S. inflation data may further influence gold's trajectory.12

Gold prices eased slightly on Monday, retreating to $3,023 after hitting an all-time high of $3,060 last week. Weakness in cryptocurrencies and equities could drive further demand for gold as a safe haven. Analysts suggest that persistent inflation and tariff issues may push prices higher in the coming months.34

Gold remains steady above $2,900 as U.S. tariff policies and inflation fears dominate market discussions. While higher interest rates could cap gains, the metal's safe-haven status continues to attract investors. Technical indicators suggest a bullish trend, with key resistance levels around $2,960 and $3,000 in focus.56