From Investing.com: 2025-04-02 03:33:00

Gold prices dipped by 0.4% as traders took profit ahead of strong resistance at $3,150. Safe-haven demand remains high amidst uncertainty over US tariffs. Goldman Sachs raises US recession probability to 35%, expects more rate cuts by the Fed. Gold performs well in low-interest environment. XAU/USD rose in Asia but retraced in Europe. US Employment report and Trump’s tariff announcement today may impact USD pairs. Gold still targets $3,153-$3,163 per ounce.

Euro fell by 0.22% against the USD due to mixed US macro stats and eurozone CPI report. US ISM manufacturing contracted in March, highest inflation in three years may affect Fed rate decisions. Labour Department data shows slower job growth. Eurozone open to US tariff negotiations but will retaliate if needed. Investors bet on ECB rate cuts due to tariff fears and weak data, driving lower bond yields. EUR/USD may weaken if new EU tariffs are mentioned by Trump, key levels at 1.08220 and 1.07510.

Japanese yen gains 0.23% against USD due to weak US manufacturing and labor data. Yen seen as safer asset amid US tariff concerns. USD/JPY in strong bearish trend since mid-January. BoJ Governor warns of impact of US tariffs on world trade. BoJ expected to raise rates in Q3, potential hike in July. USD/JPY may weaken if more tariffs are announced by Trump, key levels at 150.800 and 149.020 to watch. ADP US Employment report and Trump’s tariff announcement may trigger volatility.



Read more at Investing.com: Gold’s Rally Pauses Amid Tariff Uncertainty and Geopolitical Tensions