Gold (XAU/USD) remains well-supported above the 2900 mark as market participants capitalize on dips amid persistent macro uncertainties. The combination of a softer USD and escalating tariff concerns underpins bullish sentiment, though reduced Fed rate cut expectations may cap aggressive upside momentum. Technical structure favors buyers as long as key support holds, with upside targets near 2925 and 2950. A break below 2900 could trigger deeper retracements, but overall, gold remains a "buy-the-dip" play as geopolitical risks and economic uncertainty continue to drive safe-haven demand.
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