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The global economic outlook darkened following the latest round of U.S. tariffs\u2014averaging 10% across all imports\u2014with Chinese goods hit hardest at 54%. China responded with 34% tariffs on U.S. products.<\/p>\n
\u201cThese tariffs are not coming off anytime soon,\u201d said U.S. Commerce Secretary Howard Lutnick. Investors rushed to raise cash, with some liquidating gold positions to offset equity losses, temporarily weighing on bullion prices.<\/p>\n
While short-term sentiment remains mixed, long-term fundamentals remain supportive. The People\u2019s Bank of China increased its gold holdings for a fifth consecutive month. According to the World Gold Council, global central banks added 39 tonnes of gold in February, highlighting a continued shift away from dollar-denominated assets.<\/p>\n
While gold\u2019s rally reflects safe-haven demand, analysts warn of limited upside unless prices break convincingly above the $3,080 resistance level. Technical momentum remains fragile as traders weigh profit-taking and global policy uncertainty.<\/p>\n
Like gold, silver remains vulnerable to broader market swings and a potential shift in Fed policy tone.<\/p>\n
Gold remains range-bound below the 50 EMA, with key support at $2,972 and resistance at $3,087. Silver\u2019s recovery lacks momentum, facing resistance at $30.55 and risk of a pullback.<\/p>\n<\/div>\n
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[ad_1] Escalating Trade Tensions Trigger Market Jitters The global economic outlook darkened following the latest round of U.S. tariffs\u2014averaging 10% across all imports\u2014with Chinese goods hit hardest at 54%. China responded with 34% tariffs on U.S. products. \u201cThese tariffs are not coming off anytime soon,\u201d said U.S. Commerce Secretary Howard Lutnick. Investors rushed to raise cash, with some liquidating gold positions to offset equity losses, temporarily weighing on bullion prices. Central Banks Continue Strategic Gold Accumulation While short-term sentiment remains mixed, long-term fundamentals remain supportive. The People\u2019s Bank of China increased its gold holdings for a fifth consecutive month. According to the World Gold Council, global central banks added 39 tonnes of gold in February, highlighting a continued shift away from dollar-denominated assets. Outlook: Cautious Optimism with Technical Resistance Ahead While gold\u2019s rally reflects safe-haven demand, analysts warn of limited upside unless prices break convincingly above the $3,080 resistance level. Technical momentum remains fragile as traders weigh profit-taking and global policy uncertainty. Like gold, silver remains vulnerable to broader market swings and a potential shift in Fed policy tone. Short-Term Forecast Gold remains range-bound below the 50 EMA, with key support at $2,972 and resistance at $3,087. Silver\u2019s recovery lacks momentum, facing resistance at $30.55 and risk of a pullback. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":41881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-41880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t