INSUBCONTINENT EXCLUSIVE:
The precious metal gained 0.08% in early trading following a sharp 2% decline that pushed prices down to $3,216 the previous day.The recent
Signals of softening trade tensions triggered the selloff as investors reduced safe-haven positions.President Trump indicated possible
agreements with India, Japan, and South Korea while expressing optimism about reaching a deal with China
risk appetite and prompted profit-taking in gold
Traders quickly shifted capital toward riskier assets as geopolitical tensions appeared to ease.Chinese markets remain closed for Labor Day
price volatility this week.Gold Rebounds from Two-Week Low as Trade Tensions Ease and Market Eyes Jobs Data
(Photo Internet reproduction)Trading volumes surged during the Asian session due to significant liquidation before the holiday
Both markets reflected the global price movement while maintaining typical premiums.Gold Prices Surge Amid Holiday LiquidationsTechnical
indicators show gold rebounding from oversold conditions with support at $3,232 and resistance at $3,262
The Relative Strength Index has stabilized above 50, signaling a possible end to immediate selling pressure.The monthly RSI sits at 84.63,
its highest level since February 2008
Market focus has now shifted to the United States nonfarm payrolls report due later today
This data will provide critical insights into potential Federal Reserve rate decisions.The United States economy unexpectedly contracted in
the first quarter of 2025, fueling speculation about rate cuts later this year
Despite recent correction, investment flows remain robust.First quarter data showed investment demand doubling year-on-year to 552 tons
ETF demand reached 226 tons during the same period, reflecting strong investor confidence.Major banks maintain bullish long-term outlooks
JP Morgan projects gold prices reaching $3,675 per ounce by Q4 2025 and exceeding $4,000 by Q2 2026
against economic uncertainty
Chinese market closure, upcoming United States economic data, and shifting safe-haven demand will drive price action in the coming
