Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Gold hits fresh all-time high after Trump’s reciprocal tariff. It hits an all-time high at $3167 and is currently trading around $3127.
Tariffs Fuel Safe-Haven Demand
Donald Trump's retaliatory tariffs have significantly amplified economic uncertainty and market volatility, driving demand for safe-haven assets like gold to new heights as investors sought shelter from growing trade tensions, inflation pressures, and a weakening US dollar, driving increased risk aversion and portfolio diversification into safer assets.
Rate Cut Expectations Rise
According to the CME Fed Watch tool, the chances of a rate cut in June 18th 2025 meeting have increased to 60.1% from 58.40% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above 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 $3100 and a break below this level will drag the yellow metal to $3068/$3025/$2995/$2956/$2920/$2900/$2880. The near-term resistance is at $3170 with potential price targets at $3200/$3255.
It is good to sell on rallies around $3178-80 with a stop-loss at $3200 for a target price of $2835.
