Zus USD Price & Performance (ZCNUSD)

Gold prices are facing pressure this week due to rising tariffs, recession fears, and geopolitical concerns. As markets await U.S. inflation data, uncertainty remains high, potentially influencing gold’s safe-haven appeal. Technical analysis shows a downtrend, with gold trading near key support levels at $2,881, despite previous resistance at $2,924.1

Gold prices climbed to a record $2,956 recently but have since retreated slightly as traders assess the impact of looming U.S. tariff hikes. Safe-haven demand persists, but inflation fears tied to tariffs could drive further volatility. Market watchers are eyeing $3,000 as the next key milestone for gold’s upward momentum.2

Gold’s recent journey reflects a balancing act between inflation concerns and tariff-related fears. While uncertainty supports gold’s safe-haven status, higher interest rates may limit gains. Analysts suggest recent pullbacks are profit-taking rather than sentiment shifts, with long-term bullish trends still intact. Central banks remain key players in gold’s global demand.3