"Gold Prices Surge as Trump’s Tariffs Spark Safe-Haven Rally – Latest Gold Market News July 12, 2025"

Here are the top gold-related headlines from today:

-----> Gold climbs over 1% on safe‑haven bids as Trump imposes fresh tariffs — Gold surged on Friday as investors piled into safe-haven assets in response to U.S. President Trump’s new tariffs, boosting both gold and silver to multi-year highs Kitco+15Reuters+15Deccan Herald+15.

-----> Gold spot prices near $3,353/oz, up ~0.9% — Physical gold reached approximately $3,352.81/oz on July 11, marking its third straight day of gains Yahoo Finance+2USAGOLD+2USAGOLD+2.

-----> Technical analysis — XAU/USD has reclaimed the $3,300–$3,340 zone. A break above $3,340–$3,342 could drive prices toward $3,360–$3,362 or even $3,400. On the downside, the $3,305–$3,300 band is acting as strong support FXStreet.

-----> Outlook & forecasts — Analysts are eyeing a bullish breakout above $3,365.92, driven by escalating trade-armament pressures and Fed policy expectations FXStreet+12FXEmpire+12FXStreet+12.

-----> Silver also thrives — Silver is sitting at a 13-year high (~$37.7–$38/oz), underlined by industrial demand and trade-related supply chain concerns USAGOLD.

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📌 Key Drivers Worth Noting:

Factor	Impact
New tariffs by President Trump	Boosted safe-haven demand Trading Economics+10Reuters+10FXStreet+10
Trade-war volatility	Continues to underpin upward momentum
Technical outlook	Eyes possible breakout above $3,365 and potential test of $3,400

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🔍 What It Means for You:

-----> For investors: Momentum remains firmly bullish. A sustained break above $3,340–$3,365 could accelerate gains toward $3,400.

-----> For traders: Watch the $3,305–$3,300 support zone for potential dips; upside resistance lies around $3,360–$3,365.

-----> For casual observers: Gold is riding a wave of anxiety driven by trade tensions and Fed policy uncertainty—it’s far from a bust.

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