Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Gold gained slightly as traders eye US-China trade talks. It hit an intraday high of $3347 and is currently trading around $3343.
In May 2025, the People's Bank of China maintained its seven-month trend of buying gold by adding 60,000 troy ounces, which would amount to 73.83 million oz, as part of a plan to diversify reserves away from the US dollar amid global uncertainties.
Rate Hike Bets Cool: Fed Watch Sees Near-Certain June Pause
According to the CME Fed Watch tool, the chances of a rate pause on the June 18th, 2025 meeting have increased to 99.90% from 97.90% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above short-term moving averages 34 EMA above 55 EMA and above long-term moving averages (200 EMA) on the 4-hour chart. Immediate support is at $3330 and a break below this level will drag the yellow metal to $3300/$3270/$3245/$3230/$3200/$3165/$3135/$3100/$3000. The near-term resistance is at $3400 with potential price targets at $3415/$3465/$3500.
It is good to buy on dips around $3300 with a stop-loss at $3285 for a target price of $3385.
