Amid rising trade war concerns, gold stabilises slightly as Trump proposes tariffs on South Korea and Japan

    by VT Markets
    /
    Jul 8, 2025

    Economic Resilience and Gold’s Technical Outlook

    On the technical side, the price is hovering just above $3,320, which corresponds neatly with its 50-day moving average. This often acts as a line in the sand for price stability—slipping below could result in heavier selling, possibly dragging it down to the next area of support around $3,300. So far, the Relative Strength Index doesn’t reflect strong momentum either way. It’s not in overbought territory nor does it suggest that selling has gotten out of hand. That leaves us in a kind of holding pattern, with prices caught between competing pressures.

    Strategic Market Positioning in a Volatile Climate

    For those who deal in futures, options, or structured products, these patterns push us to rethink near-term positioning. Oscillating near technical levels with macro-stability outweighing geopolitical stress means any rebound bets need to be especially cautious. While China and other large holders may continue to accumulate, this activity is more of a background force—the real action appears in shifting Treasury yields and Federal Reserve expectations.

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