XYO USD Price & Performance (XYOUSD)

Gold prices are experiencing downward pressure as market participants react to rising tariff concerns and recession fears. Uncertainty surrounding U.S. inflation data, set for release this week, adds to the cautious sentiment. While technical analysis indicates a downtrend, key support levels may provide some stability for the metal.1

Gold continues to hover above $2,900 as conflicting tariff messages from the U.S. government fuel demand for safe-haven assets. Market attention is now focused on upcoming U.S. GDP revisions and Federal Reserve commentary, both of which could significantly influence gold's trajectory in the near term.2

Gold reached a record high of $2,956 before retreating slightly, as traders weigh the impact of U.S. tariff policies. Safe-haven demand persists, but momentum appears to be waning. Market watchers anticipate continued volatility as gold hovers near critical levels, with $3,000 remaining a key psychological barrier.3