- The price of gold is merged in a narrow range on Wednesday amid mixed basic signals.
- Positive risk tone cuts Xau/USD, although American bond revenues slide some support.
- Merchants seem to hesitate to put directional bets before FOMC policy decision.
The price of gold (Xau/USD) is struggling to take advantage of the positive step the day before and circulate with a moderate negative bias, slightly higher than the level of $ 2760 during the Asian session on Wednesday. The positive tone is generally seen around the stock markets as a major factor that acts as an opposite care for precious armed minerals. However, the downside appears limited in a new leg in US Treasury’s revenues, which cuts the US dollar recovery (USD) from more than the lowest level in one month and provides support for unprecedented yellow metals.
Regardless of this, concerns about US President Donald Trump’s tariff plans may contribute to reducing losses against the price of gold amid US dollar price. Traders may also refrain from placing aggressive bets and choose to wait for the margin before the risks of the main central events-as a result of the FOMC monetary meeting for two days. Federal reserve price expectations will play a major role in influencing the dynamics of the dollar prices near the dollar and setting the next station of the directional step for valuable minerals.
Gold price is supported in a positive risk tone; Negative potentials seem limited
- Calm conditions throughout global markets require the demand for traditional assets of safe and failing to help the gold price to build on the positive move on Tuesday before the risks of major central events.
- The return on American government bonds for 10 years is close to one month -long basin, crowned to restore the US dollar during the night and act as yellow minerals that are not surrounding.
- Investors are still concerned about the potential economic repercussions of US President Donald Trump’s plans to impose a tariff on imported computer chips, pharmaceutical, aluminum, steel and copper.
- This step, which aims to push companies to enhance production in the United States, can lead to a new wave of global trade wars and may continue to work as precious minerals.
- Data released on Tuesday by the American Statistical Office showed that durable goods orders decreased by 2.2 % in December, compared to a decrease of 2 % in November and the market expectations of 0.8 %.
- Separately, the Conference Council (CB) stated that the consumer confidence index decreased to 104.1 in January from 109.5 in the previous month and the current situation index decreased to 134.3.
- Meanwhile, the market concentration remains attached to the decision of the Federal Reserve Policy to meet for the first time this year, which will increase the demand for the US dollar and provides a new payment force to Xau/USD.
Golden bulls have the top hand while the resistance stop is 2,720-2725 dollars
From a technical perspective, the last collapse indicates through the horizontal barrier, which ranges from 2720 to 2725 dollars and positive oscillator on the daily chart that the less resistant path for the price of gold remains to the upward trend. A subsequent step above an area of 2772-277 dollars will confirm constructive expectations and Xau/USD upward until after an area of $ 2786, or the highest level since October 2024 that was touched last Friday, towards the peak at all, near the $ 2,790 area. Some follow -up purchase will be seen, which leads to a force exceeding 2,800 dollars, as a new operator for budget traders and represents the way to extend the firm, the firm trend he witnessed during the past month or so.
On the other hand, the weakness may last without immediate support to 2755-2753 dollars in attracting some buyers and remains limited to a low weekly oscillation, about $ 2730 touched on Monday. Some sale can follow without reducing the resistance, which has turned to 2725 to $ 2,720, which has turned into deeper losses and withdrawing the price of gold to an area of $ 2707-2705 on its way to a $ 2,684 area.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.