Gold Retreats as Trump Victory Bolsters USD

Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election.
RoboForex | 251 days ago

By RoboForex Analytical Department

Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows, reflecting ongoing pressure from a robust dollar.

Market anticipation has shifted, with investors expecting a more conservative approach from the Federal Reserve to interest rate cuts. Trump’s victory, perceived as pro-inflation due to his protectionist policies, could prompt the Fed to maintain higher lending rates to counter potential inflation spikes, diminishing the appeal of non-yielding assets like Gold.

Today’s focus is squarely on the Fed’s interest rate decision, which is anticipated to bring a 25-basis-point cut. This has been priced into the market, influencing the current Gold prices.

Gold’s future movements will hinge heavily on the Fed’s commentary and subsequent rate decisions. While rates are projected to decrease, the pace and extent of these cuts will be critical for Gold’s appeal.

Technical analysis of XAUUSD

Gold’s market dynamics recently peaked at 2790.00, after which a consolidation range formed below this level. Exiting this range downward opened the pathway for a significant correction, with Gold forming its initial corrective wave. The immediate downside target is 2617.40, potentially extending to 2575.75 if the downward trajectory persists. The MACD indicator supports this bearish outlook, with its signal line trending sharply downward below zero, suggesting further declines.

The hourly chart outlines a developing downward wave aiming for 2635.65. Should this target be met, a corrective rally to 2683.11 could occur before further declines resume towards 2617.17, marking the primary target in this bearish phase. The Stochastic oscillator indicates potential for short-term upside, with its signal line approaching the 80 level, suggesting a brief corrective uptick before continuing its descent.

Disclaimer

Any forecasts contained herein are based on the author's particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

read more
China’s GDP Surprise Boosts Risk Currencies, CPI Eyed

China’s GDP Surprise Boosts Risk Currencies, CPI Eyed

China’s Q2 GDP surprise at 5.2% YoY sparked a positive reaction across global markets on July 15, 2025. Commodity currencies like AUD and NZD advanced modestly, while Gold hovered near $3,350 ahead of key U.S. CPI data. The Japanese Yen weakened despite safe-haven flows, as 10-year JGB yields hit their highest since 2008, highlighting BoJ-Fed policy divergence.
Moneta Markets | 1 day ago
Gold Shines as Trade Tensions Rise

Gold Shines as Trade Tensions Rise

On July 14, global markets turned risk-off after President Trump revived tariff threats targeting the EU and Canada. Gold surged past $3,350 on safe-haven bids, while USD/CAD spiked near 1.3700. EUR/USD rebounded toward 1.1700, and NZD/USD slid below 0.6000 ahead of key Chinese trade data. GBP/USD remained pressured around 1.3500 amid Brexit silence.
Moneta Markets | 3 days ago
ATFX Market Outlook 10th July 2025

ATFX Market Outlook 10th July 2025

U.S. President Donald Trump announced new tariffs on seven countries, stating earlier this week that a 25% tariff would be imposed on Japan and other trade partners starting in August. Despite this, Wall Street closed higher on Wednesday, with the tech-heavy Nasdaq leading the gains.
ATFX | 7 days ago
ATFX Market Outlook 9th July 2025

ATFX Market Outlook 9th July 2025

On Tuesday, U.S. President Donald Trump escalated the global trade war by announcing a 50% tariff on imported copper and reiterated that long-threatened tariffs on semiconductors and pharmaceuticals are also imminent. U.S. equities ended mixed as investors awaited further clarity on trade policy. The Dow Jones Industrial Average fell 0.37%, the S&P 500 dipped 0.07%, while the Nasdaq edged up 0.03%
ATFX | 7 days ago
Gold Drops Below $3,300 as Fed Rate Forecasts Shift

Gold Drops Below $3,300 as Fed Rate Forecasts Shift

Gold prices fell below 3,300 USD per troy ounce on Wednesday, extending losses after a 1% decline the previous day. The downward pressure stemmed from the Federal Reserve’s cautious stance, which partially offset concerns over escalating trade tensions.
RoboForex | 7 days ago
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.
Moneta Markets | 9 days ago
ATFX Market Outlook 8th July 2025

ATFX Market Outlook 8th July 2025

U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.
ATFX | 9 days ago