U.S. stocks extended their winning streak to six consecutive days, buoyed by positive developments including progress on a U.S.-India trade deal, easing bond yields, and solid corporate earnings—all of which helped restore investor confidence. Meanwhile, Hong Kong stocks faced resistance at higher levels, as pre-holiday trading turned more cautious. In the short term, technical resistance continues to cap gains. Investors are advised to focus on sectors tied to tech hardware and domestic demand recovery.
On April 29, 2025, the Australian dollar edged slightly lower against the U.S. dollar but remained near its highest level of the year. Investors are closely watching Australia’s upcoming Q1 CPI report — if inflation cools more than expected, it could increase the likelihood of a rate cut by the Reserve Bank of Australia in May. Ongoing trade tensions between China and the United States also add uncertainty, potentially weighing on Australia’s export-driven economy. With inflation data and central bank policy in focus, traders should stay alert to both opportunities and risks in the Aussie dollar’s outlook.
Spot gold has shown a dip-and-rise pattern over the past 24 hours, rebounding sharply as uncertainty over U.S.-China trade talks and increasing demand for safe-haven assets pushed prices higher. Gold briefly touched an intraday high of $3,338 before closing at $3,347.80. A weakening U.S. dollar and falling Treasury yields also contributed to gold’s upward momentum.
With key U.S. economic data—including GDP and non-farm payrolls—set to be released soon, market attention is intensifying. From a technical perspective, gold still holds short-term bullish momentum. Traders are closely watching the resistance level at $3,370 and the support zone near $3,260.
Stay updated with the latest gold price trends and market analysis to make informed trading decisions.
Spot gold (XAU/USD) fell 4.18% last week, pressured by escalating geopolitical tensions, shifting Federal Reserve policy expectations, and a stronger US dollar. After reaching a record high, gold prices pulled back sharply, with technical selling further accelerating the decline. Strong US economic data added momentum to the dollar’s rally, weighing heavily on bullion. Looking ahead, investors should keep a close eye on the upcoming Federal Reserve meeting and the US non-farm payroll report, as well as monitor the People’s Bank of China’s gold reserve activity — all critical factors that could shape the next moves in gold prices.
When Donald Trump returned to office in 2025 and launched his so-called “economic revolution,” the financial markets reacted with immediate turmoil. Sweeping tariffs triggered a sharp stock market crash, a mass sell-off in the bond market, and a weakening U.S. dollar. Investor confidence plunged, signaling the onset of a potential economic downturn. As the first hundred days unfolded, American markets—and global capital—responded with clear signs of anxiety. Now, whether the U.S. economy can weather this seismic shift has become a critical question for investors around the world.
Spot gold prices tumbled 2.55% on Friday, erasing gains from earlier in the week as improving U.S.-China trade relations and a stronger dollar dampened safe-haven demand. On the technical side, gold broke below the key $3,300 support level, intensifying selling pressure across the market. While short-term momentum has weakened, the medium- to long-term outlook for gold remains supported by continued central bank buying and elevated geopolitical risks. Looking ahead, investors should closely monitor the upcoming core PCE data release within the next 24 hours, developments in U.S.-China negotiations, and the market’s reaction around the crucial $3,260 support level.