• bitcoinBitcoin (BTC) $ 63,109.00
  • ethereumEthereum (ETH) $ 1,824.31
  • tetherTether (USDT) $ 0.999673
  • xrpXRP (XRP) $ 1.32
  • bnbBNB (BNB) $ 588.89
  • usd-coinUSDC (USDC) $ 0.999902
  • solanaSolana (SOL) $ 76.72
  • tronTRON (TRX) $ 0.281074
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

Gold reclaims $5,200 as trade turmoil and Iran tensions lift haven demand

Gold rallies for the fourth straight day, reclaiming the $5,200 milestone late during the North American session on Monday as the Greenback retreats on uncertainty over US trade policies after the US Supreme Court ruled against the International Emergency Economic Powers Act (IEEPA) duties imposed b

🔗 Source

💡 DMK Insight

Gold’s recent rally to $5,200 is a direct response to the weakening dollar and shifting trade policy uncertainties. The Supreme Court’s ruling against IEEPA duties has created a ripple effect, pushing traders to seek safe-haven assets like gold. This trend is likely to continue as long as the dollar remains under pressure, particularly with ongoing concerns about US trade policies. For day traders, this rally could signal a short-term buying opportunity, especially if gold maintains momentum above this key level. Watch for any retracement that tests support around $5,150, which could provide a solid entry point for swing trades. On the flip side, if the dollar rebounds due to unexpected positive economic data, gold could face downward pressure, making it crucial to monitor dollar index movements closely. Keep an eye on geopolitical developments as well, as they could further influence gold’s trajectory in the coming weeks.

📮 Takeaway

Watch for gold to hold above $5,200; a drop below $5,150 could signal a reversal, while a sustained rally may attract more buyers.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories