THEPROTRADERZA

Gold price sticks to positive bias as sustained safe-haven buying offsets modest USD strengthGold price sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session. Against the backdrop of trade-related uncertainties, a further escalation of geopolitical tensions in the Middle East tempers investors' appetite for riskier assets.

Gold hold on to higher ground above $3,330Despite last week's significant climb, Gold has begun the week on the back foot, with gains restricted around $3,350 per troy ounce. The recent surge in market mood makes it difficult for XAU/USD to regain momentum. Monday is Memorial Day, thus financial markets in the United States will be closed.

Gold price awaits acceptance above $3,300 as buyers returnGold price is extending its upswing into the third consecutive day in Asian trading on Wednesday. Buyers look to regain the $3,300 on a sustained basis amid persistent US Dollar weakness and heightened geopolitical tensions.

Gold price approaches $3,300 mark amid persistent safe-haven demandGold price continues scaling new record highs through the Asian session on Wednesday and has now moved well within striking distance of the $3,300 round-figure mark. Persistent worries about the escalating US-China trade war and US recession fears amid the ongoing US tariff chaos continue to boost demand for gold.

Gold embarks on a consolidative move around $3,200Gold is holding its own on Tuesday, trading just above $3,200 per troy ounce as it bounces back from earlier losses. While a more upbeat risk sentiment is bolstering the rebound, lingering concerns over a deepening global trade rift have prevented XAU/USD from rallying too aggressively.

Gold price retains its positive bias above $3,200 amid US-China trade war, bearish USDGold price regains positive traction as US tariff uncertainty continues to underpin safe-haven assets. Bets for aggressive Fed rate cuts in 2025 keep the USD depressed and also benefit the XAU/USD pair.

Gold clings to gains above $3,110, closes in on all-time highGold builds on Wednesday's impressive gains and trades above $3,110 on Thursday. The broad-based selling pressure surrounding the US Dollar and retreating US bond yields on growing fears of a deepening trade war between China and the US fuel XAU/USD's rally.

Gold price (XAU/USD) touches a fresh weekly top, around the $3,132-3,133 area heading into the European session as concerns about escalating US-China trade tensions continue to drive safe-haven flows. Moreover, fears that tariffs would hinder economic growth and boost inflation turn out to be another factor that benefits the precious metal's status as a hedge against rising prices. Apart from this, bets for multiple interest rate cuts by the Federal Reserve (Fed) push the non-yielding higher for the second successive day.

Gold extends rally to $3,050 area as safe-haven flows dominate marketsGold preserves its bullish momentum and trades near $3,050 in the second half of the day. Further escalation in the trade conflict between the US and China force markets to remain risk-averse midweek, allowing the precious metal to capitalize on safe-haven flows.

Gold prices are accelerating their daily decline, steadily approaching the critical $3,000 per troy ounce mark as the Greenback's rebound gains extra momentum and US yields tighten their retracement.