Trump tariff backflip brings a US trade war with China into the crosshairs 
South African court said no to new coal-fired power: what’s behind the ruling 
Hyperliquid (HYPE): Primed to Disrupt the Crypto Exchange Landscape 
Silver's Golden Opportunity: Is the Gold-Silver Ratio Signaling a Buy? 
China’s new underwater tool cuts deeps, exposing vulnerability of vital network of subsea cables 
Why financial hardship is more likely if you’re disabled or sick 
Drug pollution in water is making salmon take more risks – new research 
What the spiralling trade war means for relations between the US and China 
Japan Urges Yen Strengthening as Weak Currency Fuels Inflation Ahead of U.S. Trade Talks 
Gold gained sharply and hits fresh all-time high driven by increased demand for safe-haven assets amid global economic and political uncertainties. It hits an high of $3237 at the time of writing and is currently trading around $3226.48.
ETF Inflows & Market Drivers
Gold-backed ETFs also witnessed tremendous inflows in the first half of 2025 due to economic and political instability worldwide. International gold ETF holdings in March increased by 92 tonnes worth approximately $8 billion to a historic position of 3,445 tonnes. North America contributed to the inflows, followed by Europe and Asia, for 67 tonnes worth $6.5 billion, 14 tonnes ($1 billion), and 10 tonnes ($944 million), respectively.
These inflows were induced by increasing fear of global trade tensions, recession risk, and general economic uncertainty, which pushed Gold-backed ETFs received strong inflows during the first half of 2025 due to global economic and political uncertainty. Global gold ETF holdings increased by 92 tonnes equivalent to around $8 billion to a total holding of 3,445 tonnes in March. They came from North America, contributing 67 tonnes worth $6.5 billion, then Europe contributing 14 tonnes ($1 billion) and Asia contributing 10 tonnes ($944 million).
According to the CME Fed Watch tool, the chances of 25 bpbs rate cut in June 18th 2025 meeting have decreased to 61.70% from 63.90% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding below short term moving average 34 EMA and 55 EMA and long-term moving averages (200 EMA) in the 4 hour chart. Immediate support is at $3200 and a break below this level will drag the yellow metal to $3165/$3130/$3100/$3058/$3000/$2956. The near-term resistance is at $3230 with potential price targets at $3275/$3301.
It is good to buy on dips around $3180 with a stop-loss at $3160 for a target price of $3300.
