Gold prices (XAU/USD) have faced challenges, falling back to the $3,300 level after a brief resurgence. Traders noted a bounce from significant support at the $3,265-3,260 range. This market behavior can be attributed to mixed signals from economic reports between the US and China. Yet, optimism remains regarding potential trade agreements which might influence gold’s demand. As market participants navigate these complexities, understanding the interplay of global economic factors will play a crucial role for investors seeking to capitalize on gold price movements.