Key Takeaways:
*US Appeals Court temporarily stays ruling against Trump’s global tariff powers.
*Legal reversal stirs fresh trade war concerns and weighs on risk sentiment.
*Gold prices rebound modestly as safe-haven demand returns.
Market Summary:
Gold prices edged higher on Thursday as renewed legal uncertainty surrounding U.S. trade policy reignited demand for safe-haven assets. Earlier in the week, markets had welcomed a U.S. federal court ruling that found former President Donald Trump had exceeded his authority in imposing global tariffs under emergency powers—reducing perceived trade war risks.
However, the narrative shifted abruptly after the U.S. Court of Appeals for the Federal Circuit issued a stay on that ruling, temporarily suspending the decision while it considers a more permanent hold. The legal reversal introduced fresh uncertainty around U.S. trade policy, sending shockwaves across major asset classes.
As risk appetite weakened, investors rotated back into traditional safe-havens, prompting a modest rebound in gold prices. While gains remain measured, the unresolved geopolitical and legal backdrop could provide continued support for bullion in the near term.
Technical Support: Gold is currently consolidating just below the 3325.00 resistance mark, following recent gains driven by renewed safe-haven flows. The MACD is showing signs of waning bullish momentum, while the RSI has eased to 57 from overbought territory—suggesting a possible short-term pullback.
A breakout above 3325.00 would confirm further upside potential toward 3355.00. On the downside, failure to breach resistance may see prices retreat toward 3290.00, with extended correction possible down to 3260.00.
Resistance Levels: 3325.00, 3355.00
Support Levels: 3290.00, 3260.00
FX、インデックス、金属どの取引を、業界最低水準のスプレッドと迅速な執行で行うことができます。
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