On June 10, 2025, gold stayed volatile amid renewed momentum in US–China trade negotiations and fresh geopolitical flashpoints reuters.com+1cbsnews.com+1reuters.com+1thetimes.co.uk+1. COMEX futures rallied to 164,400 contractson increased activity, while open interest pulled back slightly to 415,240 contracts, signaling busy but cautious tradingapnews.com.
What’s driving it?
- Anticipation around London trade talks could press prices above $3,320/oz if positive, or drop toward $3,296support if talks fail reuters.com+4reuters.com+4ssga.com+4timesofindia.indiatimes.com.
- Strong US employment data (139K new jobs, steady unemployment) reduced Fed rate-cut expectations, adding downside pressure finance.yahoo.com+15reuters.com+15discoveryalert.com.au+15.
Investor takeaways:
- Apply tight stop-losses around $3,296; consider short-term long positions if trade updates turn favorable.
- Watch for American CPI/PPI later this month to rehear +/- $50 swings.
