The post Gold price underpinned with stagflation focus in play appeared on BitcoinEthereumNews.com.

Gold price briefly fell below the $3,000 mark in early Monday trading.  Bullion should still be considered as the safe bet for a stagflation scenario in the US.  Gold keeps trying to recover back to its opening price near $3,040. Gold price (XAU/USD) is facing again some selling pressure towards the American trading session, trading at $3,025 at the time of writing on Monday after falling 2% intraday in early trading as the trade war spirals out of control. Bullion was able to show resilience and pared back earlier selling pressure with Stocks, the US Dollar (USD) and yields all dropping lower on Monday.  With China issuing its own retaliatory tariffs against the United States (US), markets are holding their breath for any further response from other countries.  Meanwhile, investors will shift their focus to the US inflation data this week. Slowly but surely, the focus will now shift to the US economic data, which will bear its mark from the Donald Trump presidency. Markets will want to assess the impact of US President Donald Trump politics and how much it weighs on the US economic data. This Monday, traders are even pricing in five interest rate cuts from the Federal Reserve (Fed) this year.  Daily digest market movers: Trump backers are starting to get uneasy American billionaire hedge fund manager and chief executive officer of Pershing Square Capital Management William Albert Ackman asked President Trump on X to pause the current trade tariffs in order to first broker a trade deal. Ackman warns that Trump is losing business leaders’ confidence, Reuters reports.  The CME FedWatch tool shows chances for an interest rate cut by the Fed in May standing at 49.3%, shooting up from 33.3% on Friday as rate cut bets grow. For June, a rates remaining steady scenario…

---

Filed under: News - @ April 7, 2025 4:26 pm