Gold stabilizes slightly as Trump proposes tariffs on South Korea and Japan amid rising trade war concerns

    by VT Markets
    /
    Jul 8, 2025

    Economic Resilience and Gold’s Technical Outlook

    Currently, gold’s price is just above $3,320, aligning with its 50-day moving average. This line often signals stability for prices. If it falls below, we could see increased selling, potentially lowering it to the next support level around $3,300. The Relative Strength Index shows that the market isn’t leaning strongly in either direction. It isn’t overbought or indicating excessive selling. This puts us in a waiting phase, as prices are stuck between different forces.

    Strategic Market Positioning in a Volatile Climate

    For those trading in futures, options, or structured products, these patterns encourage a reevaluation of short-term strategies. With prices fluctuating around technical levels and macroeconomic stability outweighing geopolitical concerns, any plans to bet on a rebound need to be very careful. Although China and other major holders might continue to buy, this activity acts more like a background influence. The real market movement is happening with shifts in Treasury yields and changing expectations from the Federal Reserve. Create your live VT Markets account and start trading now.

    here to set up a live account on VT Markets now

    see more

    Back To Top
    server

    Hello there 👋

    How can I help you?

    Chat with our team instantly

    Live Chat

    Start a live conversation through...

    • Telegram
      hold On hold
    • Coming Soon...

    Hello there 👋

    How can I help you?

    telegram

    Scan the QR code with your smartphone to start a chat with us, or click here.

    Don’t have the Telegram App or Desktop installed? Use Web Telegram instead.

    QR code