Gold regained its position throughout Monday trading after erasing some of its losses since last week although it still hovers in the $3,300 price area.
At 9.30 am, the price of gold was at $3,334.35, down 0.25% since it opened early Tuesday in Asian trading.
The market mood is now a little gloomy as investors look to Wall Street to erase its early gains due to trade war concerns, they are also awaiting earnings reports for technology companies such as Microsoft, Apple, Meta and Amazon.
For now, the attraction of capital transfer is still heavy towards the safe asset gold compared to the US dollar.
The US Dollar Index (DXY) which tracks the performance of the USD currency fell near the 99 point level again as US Treasury yields fell while the market is still worried about the potential for a US economic recession.
In addition, they also expect the Federal Reserve (Fed) to ease its policy by as much as 91 basis points this year.
Regarding the tariff conflict, President Donald Trump said in his statement that his officials are opening the way for negotiations with China. However, the Beijing government denied any decision regarding the discussions.
This week, investors will await the release of high-impact economic data such as the first quarter 2025 GDP, the Consumer Price Index (PCE) and the Non-Farm Payroll (NFP).
