🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
05 Aug 2025
Gold price holds steady as bulls eye Fed rate cuts
Gold is trading just below recent highs, supported by rising expectations of a Fed rate cut in September. While a stronger US Dollar and improved market sentiment are capping gains, safe-haven demand remains due to Trump’s new tariffs and ongoing US-China trade tensions. Key support sits at $3,350, with upside targets near $3,435 and possibly $3,500 if momentum holds.
