XAUUSD ANALYSIS GOLD was up on Thursday morning after testing the low level of $ 2582 in the last trading session as Gold rose above $2,610 per ounce on Thursday, likely due to a technical recovery after losing more than 2% in the previous session. The decline followed the Federal Reserve’s hawkish signal of fewer rate cuts next year, with the dot plot projections showing only two rate cuts in 2025, supported by strong GDP growth and persistent inflation. *Right now GOLD is trading around $ 2610. If it sustains above the level of 2615 then it can test the level of 2620, 2625 & 2635 as well. On the other side if it comes below the level of 2605 then it can retest the level of 2600, 2595 & 2585 as well.*

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*Crude Oil 1H Chart* *WTI crude oil futures slid toward $75 per barrel on Thursday, marking a fifth straight decline as US crude inventories rose again, according to industry reports. Meanwhile, Texas ports began reopening after Winter Storm Enzo disrupted shipping and energy operations earlier in the week.*

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Trump says Canada, Mexico tariffs on Saturday may not include oil * Trump to decide Thursday night on Canadian, Mexican oil tariffs * China to pay tariff for its role in fentanyl trade, Trump says * Saturday deadline for 25% duties on Canadian, Mexican imports

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Gold analysis GOLD was up on Friday morning after testing the low level of $3329 in the last trading session as Gold prices hovered below $3,340 per ounce on Friday, retaining losses from the previous session and on track for its worst week since late June, as hotter-than-expected US data tempered hopes for a large Fed rate cut.

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