Gold Price Rises Near $3,272 as US Recession Fears Grow

Gold Price Rises Near $3,272 as US Recession Fears Grow

Gold price (XAU/USD) is up around $3,272 in early Asian trading on Monday. People are worried about a US recession and trade problems between the US and China. This makes gold, a safe-haven asset, more popular. Later today, the US ISM Services PMI for April will be important news.

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Gold Price Chart – XAU/USD Daily [02-May-2025]

Gold Price Chart– Gold may record a second weekly decline. Battle lines have been drawn on the short-term technical chart of XAU/USD. Resistance $3288, $3320 and $3381 (key level)- Support 3190, 3130 and 3010 (key level).

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Gold Outlook: Investors await US tariff headlines, NFP

Gold Outlook: Investors await US tariff headlines, NFP

Gold investors: The Institute for Supply Management (ISM) Manufacturing PMI and JOLTS Job Openings data will be featured in the US economic calendar on Tuesday. Investors are likely to ignore these releases and refrain from taking large positions before the Trump administration shares the details about reciprocal tariffs on Wednesday.

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