Weekly

Last week, the gold price continued to be hot, reaching a new historical high for the 18th time this year and closing at a full week high, approaching $3100, with a breakthrough imminent. At the beginning of the week, the gold price first consolidated, continuing the previous week's rebound trend. The gold price did not stabilize above 3020 and briefly tested the $3000 mark, reaching a low of $3002.48 for the whole week.

After stabilizing the psychological barrier, the US tariff policy stimulated funds to flow into the gold market again. Trump signed a notice on Thursday to implement import tariffs on automobiles and threatened to impose even harsher punishments if the EU and Canada work together to harm the US economy. The market is highly concerned about the equivalent tariffs that will be implemented on April 2nd, and funds are flowing into the gold market as a safe haven, helping the gold market reach new highs.

After breaking through 3050, the upward momentum was like a rainbow. Although the PCE inflation data on Friday evening was in line with expectations, it did not significantly affect the Federal Reserve's interest rate expectations and had little impact on market conditions. Gold prices continued to hit new highs over the weekend and closed close close to the week's high, reaching a weekly high of 3086.78. This week, tariff policies and labor market performance are the focus of the market, and gold prices are about to break through 3100. Although the upward trend is too rapid, the tone is still good. Let's take a look at the market situation and refer to each other.