Geopolitical Risks: Ongoing geopolitical tensions sustain gold’s safe-haven appeal.

US Economic Data: Investors are awaiting fresh US data for confirmation of economic resilience after Powell’s balanced stance.

FOMC Outcome: Powell’s comments suggest the Fed remains open to policy adjustments, keeping gold in focus.

Trade Policy: Lack of major trade developments leaves gold trading largely on monetary and risk sentiment.

Monetary Policy: Dovish expectations for future Fed actions continue to underpin gold’s price stability.

Trend: Gold is consolidating in a sideways-to-bullish pattern above $3,700.

Resistance: Immediate resistance is at $3,770, with a breakout opening the path to $3,800

Support: Strong support is seen at $3,720, followed by $3,700.

Forecast: If gold sustains above $3,720, a retest of $3,800 is likely in the near term.

Market Sentiment: Traders remain cautiously bullish amid Fed uncertainty.

Catalysts: Upcoming US data releases, geopolitical headlines, and further Fed commentary will guide near-term moves.

Geopolitical Risks: Tensions provide occasional support, but without major supply disruptions.

US Economic Data: Weak PMI or growth signals reinforce demand concerns; resilience could cushion losses.

FOMC Outcome: Dovish tone may soften the USD and indirectly support oil, but fundamentals dominate.

Trade Policy: Lack of new trade measures keeps demand sentiment subdued.

Monetary Policy: Global easing remains supportive for growth but insufficient to offset current surplus pressures.

Trend: Bearish, extending declines.

Resistance: $64.20 → $65.00.

Support: $63.00 → $62.00.

Forecast: Risk biased lower toward $62.00 unless supply cuts or stronger demand signals emerge.

Market Sentiment: Bearish as oversupply headlines outweigh geopolitical risks.

Catalysts: API/EIA stock reports, OPEC+ guidance, China demand data, US PMI releases.

Geopolitical Risks: Persistent tensions globally continue to boost demand for safe-haven assets.

US Economic Data: Softer labor market signals have increased confidence in future Fed rate cuts, reducing the opportunity cost of holding gold.

FOMC Outcome: The Fed’s first rate cut of 2025 is playing into markets’ expectations that more easing will follow.

Trade Policy: No large new trade shocks, but existing trade tensions keep uncertainty elevated.

Monetary Policy: Easing expectations for the Fed make gold relatively more attractive as a non-yielding asset.

Trend: Mildly bullish / consolidative — gold is holding near recent support and has upside potential.

Resistance: ~$3,700, then ~$3,720 if momentum continues.

Support: ~$3,650, with deeper support near ~$3,630.

Forecast: Gold may hold this level and attempt upward moves toward resistance if Fed’s upcoming commentary remains dovish. if USD strengthens or Fed signals hesitation, gold could dip toward support.

Market Sentiment: Cautiously optimistic — traders expect more Fed easing but are wary of USD strength or less dovish surprises.

Catalysts: Fed speeches (“Fedspeak”), US inflation/CPI data, and developments in geopolitical hotspots will likely drive near-term movement.

Geopolitical Risks: Safe-haven demand remains present, but it’s being offset by USD strength and profit taking.

US Economic Data: Mixed signals in U.S. data strengthen the dollar, undermining gold’s appeal.

FOMC Outcome: Expectations of rate cuts are still priced in, but recent comments suggest a more cautious or meeting-by-meeting approach, which limits gold’s upside.

Trade Policy: No new major trade-news, but tariffs/inflation risk linger, supporting gold somewhat.

Monetary Policy: Lower rates remain a tailwind for non-yielding gold, but dollar strength (from less dovish guidance) raises the opportunity cost of holding gold.

Trend: Mildly bearish/neutral — a pullback from highs with consolidation under pressure.

Resistance: ~ $3,650, then $3,700 if upside resumes.

Support: ~ $3,620 → $3,600. A break below could open deeper downside.

Forecast: Gold may continue drifting downward or move sideways in the near term. Key level to watch is $3,600; above it, buyers may step in. If USD weakness reemerges or Fed guidance turns dovish, resistance near $3,650-$3,700 becomes in focus.

Market Sentiment: Moderately cautious. Traders are taking some profits, yet remain alert to Fed’s comments and macro surprises.

Catalysts: Upcoming Fed statements, U.S. inflation data (CPI, PPI), USD strength fluctuations, and any geopolitical developments that could push safe-haven demand.

Geopolitical Risks: Continued escalation in global flashpoints (Middle East, Russia-Ukraine, etc.) boosts demand for safe-haven assets.

US Economic Data: Signs of softening labor market and inflation maintain expectations for rate cuts, but recent USD rebound reflects some concern about upside risk.

FOMC Outcome: The Fed’s dovish guidance (less aggressive cuts, meeting-by-meeting approach) supports gold broadly but also adds uncertainty around how much easing to expect.

Trade Policy: Tariff concerns and trade friction remain background risk factors that favour the safe-haven appeal of gold.

Monetary Policy: Low yields, expectations of rate cuts, and dovish central bank dialogue help sustain gold’s appeal as a non-yielding store of value.

Trend: Near-term pullback / consolidation after a sharp rally. Bullish bias remains intact but upside is capped.

Resistance: ~$3,700-$3,720 (recent high and psychological barrier).

Support: ~$3,645-$3,650; deeper support near ~$3,600 if weakness accelerates.

Forecast: Gold may drift lower in the short run, testing support around $3,650. A stronger pullback would likely be bought. A sustained break above $3,700 opens the possibility of further upside toward $3,750.

Market Sentiment: Cautious-bullish — traders expect gold to hold value in this macro environment, but some profit taking around the highs is natural.

Catalysts: Upcoming Fed policy decision, U.S. CPI & inflation prints, speeches from Fed officials, and any new geopolitical developments.

Geopolitical Risks: Limited direct impact today, though global growth concerns and energy market volatility keep traders defensive.

US Economic Data: Focus remains on U.S. CPI trends and Fed commentary, which could dictate near-term USD momentum.

FOMC Outcome: Markets expect a dovish Fed stance, but uncertainty around the size of rate cuts is weighing on volatility.

Trade Policy: No new developments, though global tariff tensions continue to provide background risk sentiment.

Monetary Policy: Diverging Fed-ECB policy outlooks keep traders on edge; Lagarde’s remarks later today could hint at ECB’s pace of normalization.

Trend: Neutral-to-bearish consolidation.

Resistance: 1.1900, followed by 1.1960.

Support: 1.1820, then 1.1780.

Forecast: EUR/USD may remain range-bound, with downside risks prevailing if the Fed strikes a less dovish tone than expected.

Market Sentiment: Cautious, with traders hesitant to commit ahead of dual central bank signals.

Catalysts: Lagarde’s speech and the Fed decision will be the primary market movers; unexpected hawkishness from either side could spark volatility.

Geopolitical Risks: Ongoing geopolitical tensions and trade frictions add to gold’s safe-haven appeal.

US Economic Data: Softer inflation and labor data reinforce expectations for Fed easing.

FOMC Outcome: Markets price in a potential 50 bps cut, which could further weaken the dollar and support bullion.

Trade Policy: Persistent tariff uncertainties maintain underlying demand for safe assets.

Monetary Policy: Divergence between Fed easing and cautious global central banks strengthens the bullish gold narrative.

Trend: Strong bullish trend, supported by consecutive higher highs.

Resistance: $3,675, followed by $3,700 psychological level.

Support: $3,635, then $3,600 key base.

Forecast: Gold likely to remain elevated with potential to test fresh all-time highs if Fed signals aggressive easing.

Market Sentiment: Strongly bullish as investors hedge against dollar weakness and inflation concerns.

Catalysts: Fed meeting outcome, US CPI and jobs data, geopolitical headlines.

Geopolitical Risks: Persistent global tensions have underpinned safe-haven flows into precious metals.

US Economic Data: Sticky inflation and weak labor data continue to cloud the Fed’s policy outlook.

FOMC Outcome: Expectations of a potential jumbo rate cut this week remain the central catalyst.

Trade Policy: Ongoing tariff concerns add to safe-haven demand.

Monetary Policy: Fed’s dovish tilt amplifies upside momentum in silver.

Trend: Strong bullish momentum above $42.00.

Resistance: $42.50, followed by $43.20.

Support: $41.50, then $40.80.

Forecast: Silver is likely to stay bid while Fed cut expectations dominate, with scope to retest $43.00 if dovish sentiment persists.

Market Sentiment: Firmly bullish on safe-haven demand and Fed-driven tailwinds.

Catalysts: Fed policy decision, U.S. CPI revisions, and geopolitical headlines.

Geopolitical Risks: Limited escalation in geopolitical tensions has left crude trading more in line with demand and supply fundamentals.

US Economic Data: Weak economic indicators have reinforced recession fears, weighing on demand outlook.

FOMC Outcome: Larger Fed rate cut bets may indirectly support crude by weakening the USD, but demand fears currently dominate.

Trade Policy: U.S.-Japan reaffirmation on FX stability reduces volatility spillovers, but limited direct impact on crude.

Monetary Policy: Global easing expectations may cushion downside risks, yet fundamentals remain bearish in the near term.

Trend: Bearish momentum persists below key levels.

Resistance: $63.20 – Initial upside barrier.

Support: $61.50 – Critical near-term floor; break could expose $60.00.

Forecast: WTI likely to remain pressured unless demand sentiment improves, with risks skewed to further downside.

Market Sentiment: Cautious to bearish, as traders weigh supply overhang against softer demand prospects.

Catalysts: U.S. Michigan Sentiment data, OPEC+ commentary, and upcoming weekly EIA inventories.

Geopolitical Risks: Import tariff pressures, especially from recent U.S. policy, are transmitting into goods inflation.

US Economic Data: Weak revisions to producer price inflation and soft labor market prints heighten sensitivity to the CPI surprise.

FOMC Outcome: Markets widely expect a 25 bps Fed rate cut in September, but sticky inflation could push for larger cuts or delay easing.

Trade Policy: Gradual pass-through of tariffs into consumer prices is expected to boost inflation readings.

Monetary Policy: With inflation remaining above target, the Fed’s narrative of dovishness must contend with risk of inflation overshoot.

Trend: USD remains under pressure ahead of CPI; sharp CPI surprise could flip sentiment.

Resistance: DXY ~ 98.50; USD pairs may rebound only if inflation is tame.

Support: DXY ~ 97.20–97.00 range likely, with USD sensitive to underwhelming inflation.

Forecast: If inflation surprises to the high side, USD strength may return; below-forecast prints could further weaken dollar and support risk-assets and precious metals.

Market Sentiment: Cautious, leaning toward expectation of sticky inflation justifying Fed restraint on rate cuts.

Catalysts: The CPI release itself, Fed-official commentary, yield curve movements, and tariff policy developments will dictate direction.