GOLD: Still Maintained Upward Momentum Due to Uncertainties

XAUUSD Gold Traders
07-20

Hello everyone! Today i want to share some macro analysis with you!

$Gold - main 2508(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Gold prices rose on Friday aStols a weaker dollar and ongoing geopolitical and economic uncertainty boosted demand for safe-haven gold. Spot gold rose 0.4% to $3,353.25 per ounce, after falling 1.1% in the previous trading session. U.S. gold futures also rose 0.4% to $3,359.70. Gold prices remained largely stable around the $3,350 level this week.

Whether gold prices can sustain a break above the $3,350 level next week remains uncertain, with tariffs remaining a key focus. Additionally, statements from potential successors to Federal Reserve Chair Jerome Powell regarding interest rate cuts, or further criticism of Powell by President Trump—or even his potential dismissal—could accelerate price volatility next week. Market news developments over the weekend will require close attention.

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