Gold Spot / U.S. Dollar
Long

Gold Extends Gains Amid Uncertainty

50
snapshot XAUUSD

XAUUSD is currently moving within the $3,270 – $3,360 range 📈, holding steady under buying pressure over the last few hours ⏳.

🌏 During today’s Asian and early European sessions, gold climbed to around $3,330 🥇, extending gains as investors monitored trade tensions and absorbed the latest FOMC Minutes 🗂️. A weaker U.S. dollar 💵⬇️ continues to support gold, attracting safe-haven flows 🛡️ amid ongoing market uncertainty.

📊 Meanwhile, the Fed’s June meeting minutes 🪙 revealed disagreements among officials 🤔 on the timing and scale of potential rate cuts 🔻. While most anticipate some easing later this year, views range from cuts as early as July to no cuts until year-end. The Fed maintains a cautious, data-driven approach 🧭, citing tariff-related inflation risks, slowing consumer spending, and a strong labour market as key factors for their policy outlook.

👀 We will continue to monitor gold closely for potential breakout or reversal signals within this range. Stay tuned for updates!

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