Technical analysis by MrAlex_17 about Symbol PAXG: Buy recommendation (7/14/2025)

Gold prices rise in early trade as fears of a global economic slowdown due to widening trade tensions reinforce the precious metal's role as a defensive hedge and safe-haven asset. Futures are up 0.5% to $3,382.70 a troy ounce, their highest level in three weeks, after President Trump said he will charge a 30% tariff on goods from the EU and Mexico--two of the U.S.'s largest trading partners. Meanwhile, investors await key U.S. economic data later this week, including CPI inflation figures. "Should the June data report higher-than-expected inflation, this could prompt a selloff in U.S. Treasuries and increase demand for the U.S. dollar this week," says Aaron Hill, chief analyst at FP Market.