DigitalNote USD Price & Performance (XDNUSD)

Gold prices (XAU/USD) dipped below $2,900, trading at $2,892.16, despite ongoing risk-averse market conditions. The metal's short-term outlook appears bearish, with technical indicators signaling potential further declines. Investors await upcoming US Consumer Price Index data and a Bank of Canada interest rate decision, both of which could influence gold's trajectory.1

The Dow Jones Industrial Average recovered from a four-day decline, driven by a 4.5% surge in Nvidia shares and gains in major banking stocks. However, the index remains below its 200-day Exponential Moving Average, reflecting lingering bearish sentiment. Investors are closely monitoring upcoming Federal Reserve decisions and economic data releases.2

Gold prices have rallied close to the $3,000 mark, supported by ongoing safe-haven demand due to renewed US tariff threats. The metal recently hit a record high of $2,956 before retreating slightly. Market participants anticipate continued price volatility as geopolitical and economic uncertainties remain unresolved.34