SORA USD Price & Performance (XORUSD)

Gold prices remain under pressure, trading below $2,900 as of Monday. The U.S. Dollar has gained traction despite a risk-averse environment. Investors are eyeing the upcoming U.S. Consumer Price Index release, which could influence inflation expectations and Federal Reserve policy, potentially impacting gold's trajectory.12

Gold prices have stabilized above $2,900 despite recent declines. Concerns over global economic uncertainties, including renewed U.S. tariff threats, continue to support safe-haven demand. However, profit-taking and technical resistance near $2,924 could limit further gains in the short term, with traders closely monitoring inflation data.34

After hitting an all-time high of $2,956, gold prices have pulled back, hovering near $2,930. Profit-taking and market concerns over U.S. tariffs are influencing the market. Analysts suggest that breaking past $2,960 could pave the way for gold to approach the $3,000 milestone, though volatility remains high.5