TRADE WAR ! gold price benefits next week

2 feb

XAU / USD trend forecast next week: 3 - 7 Feb, 2025

After the report, the US Dollar strengthened, causing Gold to give up some of its earlier gains above $2,800. If Bullion fails to secure a daily close above this level, it could lead to profit-taking ahead of next week’s US Nonfarm Payrolls data.

A previous Reuters report indicated that the US would delay tariff implementation until March 1. The article mentioned that Trump is expected to announce tariffs, including a process for countries to request exemptions on specific imports. Meanwhile, December’s Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, rose as anticipated, exceeding November’s figure. However, on an annual basis, Core PCE remained unchanged from prior levels.

Trump administration tariffs have begun, commodity conflict gives gold price more momentum to increase

/// BUY XAU : zone 2769-2772

SL: 2764

TP: 50 - 150 - 300pips (2802)


Safe and profitable trading

2 feb

Trade attivo

Gold prices can actively increase prices when the market begins