Story perspectives

Gold Faces Resistance Amid Rate Cuts and Trade Tensions

4/29/2025

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Summary

Story summary

Gold is experiencing a bullish trend but faces resistance at 3,330-3,360, with potential support at 3,210-3,230.
The ECB may implement modest rate cuts in June due to declining inflation, recently reduced to 2.25%.
USD/JPY has been bearish since January 2025, currently testing the 143.50-144.00 range.
Strengthening dollar pressures gold prices as U.S.-China trade tensions ease, with China considering tariff exemptions.
EUR/USD remains bullish, recently rejected at 1.1540-1.1570, but could rise if it holds above 1.1180-1.1210.

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Story summary

Gold is experiencing a bullish trend but faces resistance at 3,330-3,360, with potential support at 3,210-3,230.
The ECB may implement modest rate cuts in June due to declining inflation, recently reduced to 2.25%.
USD/JPY has been bearish since January 2025, currently testing the 143.50-144.00 range.
Strengthening dollar pressures gold prices as U.S.-China trade tensions ease, with China considering tariff exemptions.
EUR/USD remains bullish, recently rejected at 1.1540-1.1570, but could rise if it holds above 1.1180-1.1210.