Gold prices rise by 0.64% as USD weakens due to trade tariff uncertainty

From Investing.com: 2025-01-27 02:25:00

Gold prices rose by 0.64% as the USD weakened after Trump called for lower interest rates and trade tariff uncertainty continued. Market alert for potential trade policy changes. XAU/USD may fall into a range of $2,726 to $2,743 per ounce, failing to break key resistance at $2,783.

The euro rallied by 0.75% against the USD on easing fears of trade wars. Market focus shifted to Fed’s monetary policy direction. EUR/USD may see increased volatility due to US New Homes Sales report. Lower-than-expected results may push EUR/USD higher, while higher-than-expected figures may bring the pair below 1.04350 level.

British pound gained more than 1% against the USD on expectations of milder US tariffs. Better-than-expected U.K. PMIs data and lower-than-expected US PMIs fueled GBP/USD rally. BoE may cut rates gradually as price pressures strengthen. GBP/USD may see increased volatility due to US New Homes Sales report. Lower-than-expected results may push GBP/USD higher, while higher-than-expected figures may bring the pair below 1.24400 level.



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