13 March 2025,01:45
Trade Of The Day
13 March 2025, 01:45
* Gold prices advanced as weak U.S. inflation data and a deteriorating economic outlook pushed Treasury yields lower, reinforcing expectations of a more accommodative Federal Reserve policy. Meanwhile, Trump’s expansion of steel and aluminum tariffs has further strained global trade relations, dampening risk appetite and boosting demand for safe-haven assets like gold.
*Technical Breakdown: Gold is currently testing a key resistance level, backed by strong fundamentals. A breakout above 2,940.00 could pave the way for further gains. However, MACD signals weakening bullish momentum, while RSI at 68 suggests overbought conditions, increasing the likelihood of profit-taking. Given these mixed signals, investors should wait for confirmation of a breakout or a potential pullback.
Understand how technical analysis can help you in this trading opportunity.
Any easing of trade tensions or a reversal in tariff policies could provide support for a market recovery.
Know how to manage trading risks with risk management strategies.
Track U.S. economic data releases, Fed policy expectations, and developments in global trade tensions for further direction, by following PU Prime’s market insights and daily financial news.
Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!
Open Your Free Demo Account And Start Trading Risk-Free
Join Now
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
