Gold Outlook: Investors await US tariff headlines, NFP

Gold price retreats from monthly top as modest USD strength prompts profit-taking

Gold price (XAU/USD) retreats from its highest level since June 16, around the $3,439 region touched during the Asian session on Wednesday, and for now, seems to have snapped a three-day winning streak. The global risk sentiment gets a fresh boost after US President Donald Trump announced a trade deal with Japan. This, in turn, undermines the safe-haven precious metal and prompts some profit-taking amid a modest US Dollar (USD) recovery.

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Fed

Trump to fire Powell?

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.

gold price

Gold’s Bullish Breakout: Inverse Head-and-Shoulders Pattern Signals Big Move (16 July 2025)

Hey there, gold enthusiasts! If you’ve been keeping an eye on the gold market, you’ve probably noticed something exciting brewing on the charts. Gold is showing off a classic inverse head-and-shoulders pattern—a setup that’s got traders buzzing with anticipation. Let’s break it down in simple terms and explore why this could mean a big move for gold prices.

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