Gold Slips 1% And Flirts With $3300/Oz Support

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Jul. 07, 2025 1:08 PM ETSPDR® Gold Shares ETF (GLD), IAU, GLDM, SGOL, BAR, IAUM, OUNZ, AAAU, XAUUSD:CURDBP, GLTR, JJP, GLD, IAU, BAR, SGOL, OUNZ, GLDI, GLDM, AAAU, BGLD, IGLD, GBUG, IAUM, PHYS, XAUUSD:CURDean Popplewell3.62K FollowersSummaryThe US Dollar Index has seen a bit of an improvement, with USD demand rising slightly on tariff hopes.Gold is on the back foot at present, with the technical picture showing signs of the uncertainty.I have drawn on a Fibonacci retracement, with the precious metal bouncing today just shy of the golden pocket area of 61.8%.spawnsBy Zain VawdaGold prices have started the week on the back foot as hopes grow over a barrage of trade deal announcements are expected this week.The initial July 9 deadline by the Trump administration approaches butThis article was written byDean Popplewell3.62K FollowersDean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.CommentsRecommended For You