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11 April 2025,02:51
Trade Of The Day
*Gold prices staged a strong rebound as the U.S. dollar weakened amid rising global growth concerns. The surge follows hotter-than-expected U.S. inflation data and renewed anxiety over the escalating U.S.-China trade conflict, both of which have driven investors into traditional safe havens. Additionally, growing speculation that the Federal Reserve may pivot toward rate cuts has further boosted gold’s attractiveness as a hedge against inflation and geopolitical uncertainty.
* Gold is currently approaching key resistance at 3225.00, with the MACD signaling strengthening bullish momentum. A confirmed breakout above this level could open the door for a further rally toward the next major resistance at 3295.00. On the downside, if momentum weakens, gold may pull back and consolidate around the 3170.00 support level.
Prolonged uncertainty around the U.S.-China trade dispute remains a major catalyst, potentially increasing gold’s volatility.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential trade war for further market direction by following PU Xtrader’s financial news page.
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