Gold Price Action Today – XAUUSD Market Trend
📢Gold Price Action Today – Gold Market Trend
🟩 BUY SIGNAL(LOW QUANTITY)
• Buy Entry Around : 3355
• Stop Loss: 3341
• Target: 3453
• Current Market Price (CMP): 3363
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Today’s Daily Gold Market Report – June 5, 2025 🟡:
🟡 Daily Gold Market Report – June 5, 2025
🔑 Key Economic Highlights Driving Gold Prices Today
- Weak U.S. Services PMI Reinforces Rate-Cut Bets
Yesterday's ISM Services PMI came in at 49.8, below the 50.5 forecast—signaling contraction in the service sector.
Impact: The soft data increased expectations of a potential Fed rate cut later this year, pressuring the dollar and supporting gold prices. - Jobless Claims Eyed for Further Clues
Investors await today's U.S. initial jobless claims report. Any uptick could further validate slowing labor conditions.
Watchpoint: A sharp rise in claims may accelerate gold's upside momentum. - Gold ETF Inflows Accelerate
Data from the World Gold Council shows a third straight week of net inflows into gold-backed ETFs.
Significance: Rising investor interest adds to physical demand tailwinds and strengthens the bullish narrative. - China’s Stimulus Speculation Lifts Commodities
Rumors of further stimulus from Beijing to boost domestic growth have pushed industrial metals and gold higher.
Market Response: Broader commodity support lends additional strength to gold amid global recovery hopes.
📈 Market Snapshot (As of June 5, 2025, 10:00 AM ET)
| Asset | Price | Change (%) |
|---|---|---|
| Gold (Spot) | $2,576/oz | ▲ +0.59% |
| Dollar Index | 102.4 | ▼ -0.39% |
| 10Y Treasury | 4.30% | ▼ -3 bps |
| S&P 500 Fut. | 5,318 | ▲ +0.22% |
🧭 Analyst View & Market Outlook
- Short-Term Trend: Strengthening bullish momentum. Gold is testing resistance levels amid a dovish macro backdrop.
- Medium-Term Outlook: Watching for a breakout above $2,580. Sustained move could open path to $2,600 and beyond.
- Citi Commodities Desk Note: Reaffirms gold's role as a hedge in a softening economic environment; maintains bullish stance with a $2,950 target by late 2025.
⚠️ Important Note:
Market conditions can shift rapidly, especially in response to economic data or geopolitical developments. Revisions to prior data releases are also common. Traders are advised to monitor real-time updates and consult with financial advisors before making any trading decisions.
⚠️ Disclaimer:
This content is for educational purposes only and does not constitute financial advice. Trading involves risk. Always do your own research and consult with a qualified financial advisor.
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