XAUUSD Weekly Forecast: $3500 on the Cards Again?

Gold prices have shown significant strength, reaching new highs above the $3400 mark due to a combination of factors. Trade tensions remain in focus after President Trump announced tariffs on European goods, prompting a rally in major currencies like the Euro and British pound while continuing the downtrend in the US Dollar. 2025 sees price pushing towards $3500, with the short-term target for now being at $3400. This week, traders are advised to buy gold on dips to potential levels as long term targets remain high.