XAU/USD faces resistance as US trade clarity limits gold upside
Gold prices (XAU/USD) are experiencing limited upside momentum as emerging clarity on US trade policies reduces safe-haven demand. Recent US-EU trade agreements have eased tariff concerns, dampening gold's appeal as a hedge against trade uncertainty. The precious metal currently trades near $2,015 per ounce, showing minimal movement as investors await further developments. MCX gold futures reflect similar restraint, with traders monitoring Donald Trump's evolving tariff stance for directional cues. Technical indicators suggest consolidation within the $2,000-2,030 range, with immediate resistance at $2,025 and support at $2,005. The reduced trade tensions have strengthened risk appetite, potentially limiting gold's near-term gains. Traders should watch for any escalation in geopolitical tensions or shifts in Federal Reserve policy that could reignite safe-haven flows into gold.
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