{"id":114217,"date":"2025-06-10T16:10:17","date_gmt":"2025-06-10T13:10:17","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=114217"},"modified":"2025-06-10T16:10:19","modified_gmt":"2025-06-10T13:10:19","slug":"gold-outlook-us-china-trade-talks-continue","status":"publish","type":"post","link":"https:\/\/www.ironfxcn.com\/ru\/gold-outlook-us-china-trade-talks-continue\/","title":{"rendered":"Gold Outlook: US-China trade talks continue"},"content":{"rendered":"

Gold\u2019s price has moved higher since the beginning of the week, with gold\u2019s price currently just above $3300 per troy ounce. In today\u2019s report we intend to discuss fundamental issues that may be affecting the precious metal\u2019s price action and conclude the report with a technical analysis of gold\u2019s daily chart.<\/p>\n\n\n\n

US-China trade talks continue                        <\/strong><\/h2>\n\n\n\n

The US and Chinese trade delegations met on Monday at the Lancaster House in London, in order to discuss their very public disagreements are the Geneva trade deal, which the US has accused China of violating. The meeting of the two sides came after a phone call between US President Trump and Chinese President Xi Jinping last Thursday. <\/p>\n\n\n\n

Following their phone call, President Trump stated that Chinese President Xi Jinping had agreed to let rare earth minerals and magnets flow to the US and that there was a \u201cpositive\u201d conclusion to the talks, which may have been seen following China\u2019s decision to grant temporary export licenses to rate-earth suppliers of the top three U.S automakers per Reuters. <\/p>\n\n\n\n

Overall, with the talks set to proceed today, we remain cautiously optimistic about the continued thawing of the trade relationship between China and the US. In turn, this could potentially weigh on gold\u2019s price as market worries over the state of the global economy may begin to ease. <\/p>\n\n\n\n

Yet, should the talks break down, it could have the opposite effect and may thus aid gold\u2019s price. In our view, we would not be surprised to see the trade talks continuing with some agreements being made for greater co-operation between the two nations, yet in order to be convinced that the two countries are willing to move forward together we would like to see substantial progress before being convinced that they have buried the proverbial hatchet.<\/p>\n\n\n\n

Financial releases of interest for Gold traders<\/strong><\/h2>\n\n\n\n

The financial release we would like to highlight for gold traders this week, is the release of the US CPI rates for May which are due out in tomorrow\u2019s American trading session. The US CPI rates on a Core and Headline level on a year-on-year basis are expected to accelerate to 0.3% and 2.5% from 0.2% and 2.3%, respectively. Therefore, should the CPI rates come in as expected, they imply an acceleration of inflationary pressures in the US economy, which in turn could increase pressure on the Fed to refrain from cutting interest rates in the near future. <\/p>\n\n\n\n

Thus, such a scenario could potentially aid the dollar whilst weighing on gold\u2019s price given the two\u2019s assumed inverse relationship. However, should the CPI rates fail to showcase an acceleration of inflationary pressures, it may have the opposite effect and could thus weigh on the greenback whilst potentially aiding gold\u2019s price.<\/p>\n\n\n\n

Gold Technical Analysis<\/strong><\/h2>\n\n\n\n

XAUUSD 4H Chart<\/strong><\/strong><\/h3>\n\n\n\n
\"EU\/USD<\/figure>\n\n\n\n