Daily Price Outlook
Gold (XAU/USD) is steady near $3,025 on Tuesday as traders react to US President Donald Trump's new tariff policies.
He has imposed a 25% “secondary tariff” on all imports from countries buying oil from Venezuela, affecting major economies like China and India. This move has added economic uncertainty, increasing demand for gold as a safe-haven asset.
Gold Prices Strengthen as Trade Tensions and ETF Inflows Increase Demand
On Monday, Trump said the US would ease reciprocal tariffs for countries that meet its reshoring demands.
At the same time, he announced new tariffs on cars, aluminum, and pharmaceuticals, with possible levies on lumber and semiconductor chips.
These trade policies have raised concerns about global economic stability, increasing uncertainty in financial markets.
On the other hand, a recent trend shows more investors are putting money into bullion-backed Exchange-Traded Funds (ETFs) as economic uncertainties grow.
This shift towards gold could provide more support for its price as we approach the second quarter of 2025. According to Bloomberg, the increased interest in gold ETFs reflects growing confidence in gold’s long-term strength amid ongoing geopolitical and economic challenges.
Therefore, the uncertainty from new trade policies and the growing interest in gold-backed ETFs could increase demand for gold as a safe-haven asset, potentially boosting its price heading into 2025.
Gold Remains Strong Amid Trade Tensions and Tariff Uncertainties
Meanwhile, the new proposal from the Trump administration to impose tariffs on Chinese-made ships entering US ports has caused concern in the agriculture sector. US farmers worry that rising costs could hurt exports of wheat, corn, and soybeans, adding more economic pressure.
Looking ahead, gold remains strong above the $3,000 mark, as trade tensions and tariff uncertainties make it more appealing as a safe-haven asset.
The market will closely watch developments in US-China trade relations and Trump’s changing tariff policies. If economic instability continues, gold could rise further, supported by strong ETF investments and growing geopolitical risks.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading slightly higher at $3,017.54, up just 0.01% in early Tuesday trade, as investors weigh conflicting macroeconomic cues and await fresh catalysts.
On the 4-hour chart, the metal is holding above its key pivot point at $3,014.07—a level that has provided a short-term technical base for bulls.
Price action remains range-bound, but constructive, especially as gold trades above immediate support at $3,000.06 and below the nearby resistance at $3,033.81.
The broader structure shows gold finding support along the rising channel, and though momentum has cooled, the technical picture suggests buyers are still in control—at least for now.
The 50-day EMA, currently at $3,030.25, is acting as dynamic resistance, capping recent upside attempts. A clean break above this level would likely trigger a move toward the next resistance at $3,053.86, with $3,071.37 a possible near-term ceiling.
On the downside, a decisive drop below $3,000.06 could open the door to a deeper pullback toward $2,982.18 and potentially $2,966.96.
That said, any break below $2,999 could negate the current bullish bias and shift sentiment in favor of sellers.
With gold holding just above its pivot and technical structure remaining intact, traders will be closely watching for a breakout above the $3,033–$3,035 zone to confirm the next leg higher. Until then, price is likely to consolidate between $3,000 and $3,033. (edited)
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