Takaki Kamiyuki [Gun?] Weekly Gold Market Outlook June 2, 2025 issue
The reports from Takayuki Kabuki, President and CEO of Investment Daily News Co., Ltd., a master of cycle analysis, are written every week.
This is the Gold Market Outlook report.
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Last week's New York gold market (near-month) closed at 3,315.4 dollars, down 50.4 dollars from the previous week. The spot market closed at 3,288.58 dollars, down 68.93 dollars from the previous week, turning from a long bullish white candlestick to a bearish candlestick. Last week he noted, "Although a large bullish candlestick that engulfs a long body appeared, on a near-month chart basis there is a possibility of hitting resistance at higher prices, so it cannot be said that the pullback is over and a bullish turn is definite," and it seems the correction continues.
President Trump announced raising the import tariffs on steel and aluminum products from the current 25% to 50%. The implementation is scheduled for June 4, and on social media he stated, "China broke the deal with America" regarding trade negotiations with China. There are concerns that trade friction could intensify again. As always, Mr. Trump’s policy shifts have become a routine, but the market is not reacting in particular, and since the dollar hit a low in April, the currency market has been behaving like a kite without a tail, swayed by Mr. Trump’s mood.
【Takayuki Kabuki — Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995 he partnered with the renowned U.S. market analyst Raymond Merriman and issued domestic market cycle and astrology reports for the first time in Japan. He is well-regarded for market analysis utilizing cycles and astrology. President and CEO of Investment Daily News Co., Ltd.; President and CEO of Investment Daily News Publishing Co., Ltd.; member of the Japanese Technical Analysts Association; editor-in-chief of "Investment Daily α."
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