Gold fell below $3,330 per ounce on Tuesday as investors monitored tariff talks and awaited key economic data. Treasury Secretary Scott Bessent said many top U.S. trading partners made "very good" tariff proposals and noted China’s tariff exemptions signal de-escalation efforts. He stressed it is now up to China to act. A modest rebound in the U.S. dollar also pressured gold. Markets are focused on upcoming reports, including Q1 GDP, March PCE inflation, and April nonfarm payrolls, for clues on the economy and Fed policy.
Key resistance is at $3365, followed by $3,405 and $3,500. Support stands at $3250, then $3165 and $3050.
Key resistance is at $3365, followed by $3,405 and $3,500. Support stands at $3250, then $3165 and $3050.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.