XAUUSD

Gold is under pressure due to increased expectations that "high interest rates will persist for a longer period" following Powell's statements yesterday. As a non-interest-bearing asset, Gold may target support levels of 3629.28 and 3616.65, remaining below the pivot level of 3642.94 against a strengthening Dollar. If today's US data indicates economic slowdown, there may be a limited buying response at these support levels due to safe-haven demand.