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: 2025.08.12
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Gold: Some clarity - OCBC
Breaking news
Gold: Some clarity - OCBC
New
2025.08.12 17:39
2025.08.12 17:39
2025.08.12 17:39
President Trump wrote on Truth Social that imports of gold will not be tariffed, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bullish momentum on daily chart fades
"This helped to remove earlier confusion when media earlier reported that 1-kg and 100-oz gold bar imports from Switzerland will be tariffed at 39%. Nevertheless, there is still no formal update/ executive order passed on this. Near term, US CPI and market expectation of Fed cut trajectory may also influence gold outlook."
"XAU was last seen at 3351. Mild bullish momentum on daily chart faded while decline in RSI moderated. Key area of support around 3340/50 (21, 50 DMAs). Decisive break puts next support at 3290 levels. Resistance at 3450, 3500 (2025 high)."
Last updated
: 2025.08.12
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FXStreet is a forex information website, delivering market analysis and news articles 24/7.
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Gold Price Forecast: XAU/USD reversal from $3,400 found support at $3,340
Gold (XAU/USD) reversal from the $3,400 area has been contained at a strong support area between $3,335 and $3,345, where the pair was contained on August 4 and 5, which is also coincident with the 50% Fibonacci retracement of the early August rally.The pair is trading sideways without a clear bias
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2025.08.12 19:21AUD/USD slumps to near 0.6500 as RBA guides expansionary monetary policy path
The AUD/USD pair is down over 0.3% to near 0.6500 during the European trading session on Tuesday. The Aussie pair declines as the Australian Dollar (AUD) underperforms, following the monetary policy announcement by the Reserve Bank of Australia (RBA).
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2025.08.12 19:15USD/CAD crawls higher, approaches 1.3800 ahead of the US CPI release
The Canadian Dollar remains on its back foot against a slightly firmer US Dollar, weighed by the low Oil, which keeps the USD/CAD pair on track for a four-day winning streak, with all eyes on the US CPI report
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2025.08.12 19:00USD/CNH: Major resistance at 7.2100 is unlikely to come into view - UOB Group
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2025.08.12 18:47USD/JPY: Might rise and test 148.75 - UOB Group
US Dollar (USD) could rise and test 148.75 against Japanese Yen (JPY); a break above this level is not ruled out, but USD is unlikely to threaten 149.20.
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2025.08.12 18:44NZD/USD: Upward momentum is building - UOB Group
Softer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a lower range of 0.5925/0.5955.
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2025.08.12 18:37Supply concerns on the Copper market ease - Commerzbank
The Copper price fell slightly at the beginning of the week after the world's largest Copper mine producer announced that operations at one of its mines in Chile affected by an earthquake could largely resume.
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2025.08.12 18:34Silver price today: Silver rises, according to FXStreet data
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2025.08.12 18:31China reduces purchases of Saudi Arabian oil - Commerzbank
Saudi Arabia is likely to deliver significantly less crude oil to China in September, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.08.12 18:31Disclaimer:
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