Gold prices rise amid US-China trade tensions, dollar weakness, rate cut bets, reaching key levels.

From Investing.com: 2025-04-14 04:20:00

Gold prices continued to climb higher, rising by 1.96% as the US Dollar weakened amid escalating US-China trade tensions. China increased tariffs on US imports, pushing the Dollar below the critical 100.000 mark. Factors such as central bank demand and anticipation of US rate cuts are supporting the bullish trend for gold. Traders are betting on the Fed resuming monetary easing in June, with potential cuts of around 90 basis points by the end of 2025. Key levels to watch for XAU/USD are resistance at $3,262 and support at $3,192.

The Euro gained 1.46% against the US Dollar as trade tensions intensified. China’s tariff retaliation and weak US macroeconomic data contributed to the Dollar’s decline. Investors are diversifying away from the US, boosting the Euro. The European Central Bank is prepared to maintain financial stability amid uncertainty. EUR/USD is trading with resistance at 1.14920 and support at 1.12366. Traders should monitor global trade news and speeches from Fed policymakers for potential volatility.

The British Pound rose by 0.87% against the US Dollar due to the Dollar’s weakness. Concerns over a US recession and loss of confidence in the Dollar are driving the Pound’s increase. Despite potential negative impacts from higher tariffs, traders are currently focused on the Dollar’s decline. GBP/USD is trading with resistance at 1.31640 and support at 1.30622. Monitoring global trade developments and Fed official speeches could lead to increased volatility in the pair.



Read more at Investing.com: Gold Rally Continues Amid US Dollar Weakness, Rate Cut Bets, and Tariff Turmoil