XAUUSD

The trade framework agreement signed between U.S. President Trump and European Commission President von der Leyen has increased risk appetite in global markets. Although the agreement foresees a 15% customs duty on EU exports, it was positively received by investors as it falls below the initially planned zero tariffs. Additionally, the EU's commitment to increase energy and defense spending from the U.S. has strengthened economic growth expectations. However, as uncertainty remains over the final tariffs to be announced on August 1, demand for safe havens in the markets may weaken.

Gold prices, which have been on an upward trend since the end of June, carry potential for a new increase in the short term. For gold, which continues to stay above the 3320 level, the 3371-3377 region could enhance momentum. Before reaching these levels, the 3355 and 3363 levels can be monitored, while the 3331 level can be observed during pullbacks. If prices close below 3320, attention should be paid to the 3311 and 3282 levels.