Gold prices rise by 0.46% despite easing US-China tensions, supported by optimism and positive market response.

From Investing.com: 2025-06-10 04:45:00

Gold prices rose by 0.46% despite easing U.S.–China tensions, as diplomatic talks in London boosted risk appetite. Statements from U.S. officials hinted at progress in negotiations, leading to a positive market response with XAU/USD showing support at $3,290 and resistance at $3,345.

The euro increased slightly against the USD, supported by optimism surrounding U.S.–China talks and the ECB’s recent rate cut. The central bank revised inflation forecasts lower but hinted at the end of aggressive cuts, shaping a cautious outlook and contributing to the euro’s resilience. Key levels for EUR/USD are resistance at 1.14000 and support at 1.13800.

The British pound strengthened by 0.16% against the USD as UK unemployment edged up to 4.6%, reflecting structural pressures in the labor market. GBP/USD fell during trading sessions, with key levels to watch at resistance 1.35000 and support at 1.36000. Traders should monitor updates on global trade tariffs for potential market impact.



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