📊 The analysis of institutions indicates that gold futures contracts maintain a balance in a market with no clear direction. The impact of the United States postponing the increase in tariffs and the strength of the dollar continue to form a hedge against geopolitical tensions and uncertainty. Currently, the price of gold futures contracts hovers around $3320/ounce, but has still dropped by nearly 1% this week - previously, the Trump administration had postponed the deadline for the so-called 'equivalent' tariffs to August 1, without excluding the possibility of another delay. This decision weakened some of the demand for protection, pushing the dollar and U.S. Treasury yields higher, which competes with gold's protective attribute, a non-yielding asset. However, the new threats of tariffs from the Trump administration and the associated trade uncertainty still provide some support for gold prices, especially as central banks of various countries continue to buy gold, thereby maintaining a solid foundation for gold prices.
$BTC $ETH $BNB
#BinanceTurns8 #SECETFApproval #TrumpTariffs