Join the PU Xtrader Challenge Today

Trade with simulated capital and earn real profits after you pass our trader assessment.

  • Market Insights  >  Trade Of The Day

13 March 2025,01:53

Trade Of The Day

Gold Climbs as Negative CPI & Treasury Yields Drop

13 March 2025, 01:53

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis

*Gold prices gained as weaker U.S. inflation data and a dimming economic outlook drove Treasury yields lower, strengthening expectations of a more dovish Federal Reserve. Additionally, Trump’s expansion of steel and aluminum tariffs has intensified global trade tensions, curbing risk appetite and boosting demand for safe-haven assets like gold.

Technical Analysis

* Technical Breakdown: Gold is testing a key resistance zone, supported by strong fundamentals. A breakout above 2,940.00 could open the door for further upside. However, MACD indicates slowing bullish momentum, and RSI at 68 suggests overbought conditions, raising the likelihood of a pullback. Traders should await confirmation of a breakout or a possible retracement before entering new positions.

Potential Risks

Overbought technical indicators may trigger profit-taking, potentially capping near-term gains.

Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.

Monitoring

Keep an eye on U.S. economic data, Fed policy expectations, and global trade developments for further market direction by following PU Xtrader’s financial news page.

Register For PU Xtrader Challenge And Start Prop Trading

Take Challenge

FacebookLinkedInTwitterShare

Become One Of Our Successful Traders

Trade with simulated capital and earn real profits after you pass our trader assessment.

  • One-time payment to begin your challenge.
  • Bi-weekly profit-sharing for your funded account.
  • Access to a vast array of trading options, including Forex, Commodities, Shares, Indices and more.

Latest Posts

20% off on Any Challenges. Use Code: EG20

Take Challenge