XSGD USD Price & Performance (XSGDUSD)

Gold prices, which recently peaked at $3,004 per troy ounce, have retreated to $2,982 as traders weigh uncertainties around U.S. trade policies and broader economic concerns. Recession fears and geopolitical tensions, including a shaky Ukraine-Russia ceasefire, continue to influence the precious metal's demand, while China's central bank boosts its bullion reserves.12

The Mexican Peso rallied against the U.S. Dollar, trading below the 20.00 mark for the first time in four months. Weak U.S. consumer sentiment and industrial production data pressured the dollar, while the Peso gained from improved market sentiment despite Mexico’s own economic slowdown indicators.1

Gold prices have seen increased demand due to a weakening U.S. Dollar driven by recession concerns and inflationary pressures. The Federal Reserve's anticipated policy easing and geopolitical uncertainties, including tariff disputes, are bolstering the metal's safe-haven appeal, even as it faces resistance near record highs.13