- US President Trump has repeatedly repeated Mexico and the definitions in Canada will enter into force on March 4.
- Hit the panic button by merchants, sales of stocks, codes and gold all over the world, with safe sentinel bonds are bids.
- The alloys at the present time are no longer considered a safe haven for tariffs, although American revenues are decreased more.
The price of gold (Xau/USD) believes that losing this week increases in size, with a loss of less than 3 % since it was printed the highest new level ever at $ 2956 on Monday. The precious metal is currently trading $ 2860 at the time of writing this report, after the President of the United States (the United States), Donald Trump, repeated that the customs tariff for Mexico and Canada will start on March 4, while China will witness an additional 10 %, raising total prices to 20 % on imports in the United States. This passes through the markets still has a possible delay in implementing these definitions.
Meanwhile, China is scheduled to be divided and is ready to respond to the Trump tariff, which increases the risk of a trade war of the environment between the two major economists. “If the United States insists on possessing its own way, China will face all the necessary measures to defend its legitimate rights and interests,” said a Chinese Ministry of Commerce spokesman on Friday.
Digest Market Mark: Focus on returns
- Gold ETF (Trading Fund in Trading) is the sweet place in China this year. The money exceeds where the minerals are recorded, investors search of alternative assets, and local rules are modified to allow more access. The holdings of the wild funds increased by 17.7 tons in the first three weeks of February, near the record monthly flow of 20.9 tons last October, according to data from the World Gold Council that the producer is completing, according to Bloomberg reports.
- In early European circulation, the risk mood is witnessing deep losses on Friday with indicators in Asia to seize multiple percentage losses near their closing bell. Europeans face losses of more than 1 % inside the day.
- The CME Fedwatch sees opportunities to reduce the June average beyond Thursday. The possibilities grow to an opportunity by approximately 71.8 % to reduce a rate compared to only 28.1 % to maintain rates unchanged.
Technical Analysis: It is still good to buy
The expected signs were proven earlier this week on Friday, with a loss close to 3 % in the precious metal so far this week. However, the basics still look good for more bullish trend in gold, as the tariffs are still a major topic and not just one time event. Find support for levels like $ 2,790 to be ready and buy large sums to participate in the next gathering.
In the upscale direction, the axial daily point of $ 2,888 is the main level to search for resistance in the short term. This is just less than the large number of $ 2900, and the daily R1 resistance at $ 2,909 is also present. Thus, some chunky resistance makes recovery again to R2 resistance at approximately $ 2941 on Friday.
On the downside, it will certainly be happy to pick up some gold with interesting support levels. S1 support at a price of $ 2,856 looks somewhat weak at the present time. Search S2 support for $ 2,835 for wide support, before a circular level of $ 2800 and $ 2,790. In fact, this last level should see many purchase orders awaiting full.
Xau/USD: Daily chart
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.