Gold (XAUUSD) and Silver Price Forecast: How Trade Tariffs and PMI Data Will Impact Precious Metals This Week
Key Points:Gold tests $3,382 resistance as traders price in a 91% chance of a September Fed rate cut amid soft U.S. data.Silver faces pressure below $37.60 with downside risks toward $36.36 unless a breakout above $37.81 confirms trend shift.Trump’s new tariffs (10–41%) on dozens of countries rekindle safe-haven demand, boosting interest in gold and silver.Market OverviewGold and silver dipped in Asian trading as traders weighed rising expectations of a September Fed rate cut against renewed str