Gold price edges lower to near $3,320 in Monday’s early Asian session.
Strong US June employment data weighs on the Gold as Fed rate cut odds decline.
Middle East geopolitical risks and renewed trade tensions might cap the downside for the Gold price.
The Gold price (XAU/USD) attracts some sellers to around $3,320 during the early Asian session on Monday. The precious metal edges lower as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations. Traders brace for the Federal Open Market Committee (FOMC) Minutes later on Wednesday for fresh impetus.
The US NFP came in stronger than expected, rising by 147,000 jobs in June from 144,000 in May (revised from 139,000). Additionally, the Unemployment Rate held steady at 4.1% in June. These reports indicated continued labor market resilience, reducing the possibility of the Fed’s near-term monetary accommodation. This, in turn, underpins the US Dollar (USD) and exerts some selling pressure on the non-yielding assets like Gold.
On the other hand, the potential downside of yellow metal might be limited amid the renewed geopolitical tensions in the Middle East. Israel stated late Sunday that the country’s military had attacked Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel. Any sign of escalation could boost the safe-haven flows, benefiting the gold price.
Gold traders will closely monitor the developments surrounding tariff policies. CBBC reported on Sunday that US Treasury Secretary Scott Bessent said that US President Donald Trump will send letters to some trading partners saying tariffs will return to April 2 levels on August 1 if there is no progress on the trade agreement. Renewed trade tensions might lift the Gold price in the near term.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.
The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.
The expected trading range for today is between 169.20 and 170.60
Trend forecast: Fluctuated within the bullish track
Silver forms double-bottom near key support, signaling a potential breakout above $37.31.
Doji candle and thin US holiday volume suggest pause, not reversal.
Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00.
Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday. The market mood turned slightly sour as headlines surrounding the US trade war, with its trading patterns taking center stage, following the approval of the One Big Beautiful Bill.
XAG/USD Price Forecast: Technical Outlook
From a technical standpoint, the grey metal is pausing its advance, although it remains upwardly biased as it has formed a double-bottom chart pattern. Nevertheless, the formation of a doji suggests that a pause is underway, as traders eye key resistance levels, such as the year-to-date (YTD) high of $37.31.
Momentum is bullish as depicted by the Relative Strength Index (RSI). That said, the path of least resistance is upwards.
Silver key resistance level to watch would be $37.00, the YTD high, and the February 29, 2012, at $37.49. Once cleared, the next stop is $38.00. On the other hand, if XAG/USD falls below $36.00, it clears the path for testing $35.82. Once hurdled, the next stop would be $35.00, before challenging the 50-day Simple Moving Average (SMA) at $34.39.
XAG/USD Price Chart – Daily
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The bull trend pattern got a lift on Tuesday as an uptrend line, a downtrend line, and the 50-Day MA were all broken through. Confirmation came with a daily close above all three lines. Resistance was seen around the 20-Day MA, which has continued since then along with a slightly higher price of $3,366.
Given this week’s bullish price action the expectation is for gold to continue to advance higher, but it first needs a signal. A decisive rally above this week’s high of $3,366 indicates a continuation of the near-term bull trend. That will also trigger a weekly upside breakout and surpass the 20-Day MA, which currently shows dynamic resistance.
Weekly Timeframe Confirms Strength
On the weekly timeframe, gold ended the week showing gains and in a relatively bullish position, in the top third of the week’s trading range. Furthermore, this follows a short-lived decline below last week’s low of $3,256 before a lower weekly low of $3,247 was reached. In other words, an undercut and run bullish reversal triggered. Last week’s lows broke, leading to stops being triggered and weak holders getting flushed out.
Subsequently, buyers quickly took back control following a short time below last week’s low. And the switch to bullish sentiment was indicated by a daily close above last week’s high on the breakdown day of June 30. That showed a failed breakdown. Once a breakout fails in one direction, there is potential for a clear move in the opposite direction. For gold that would point to higher prices.
For a look at all of today’s economic events, check out our economic calendar.
The Japan Coffee Bean Market is poised for robust growth, projected to surge to US$ 2.51 billion by 2033 from US$ 1.60 billion in 2024, with a compound annual growth rate (CAGR) of 5.11% from 2025 to 2033. Driven primarily by advancements in coffee cultivation and eco-friendly processing methods, Japan’s industry is thriving on the back of rising specialty coffee culture, urbanization, and increasing disposable incomes. Key products include Arabica and Robusta beans, distributed online and offline, catering to diverse end users such as personal care, food, and pharmaceuticals. Major players like Starbucks and Nescafe are innovating to meet evolving consumer demands for quality and sustainability in coffee.
Japan Coffee Bean Market is expected to reach US$ 2.51 billion by 2033 from US$ 1.60 billion in 2024, with a CAGR of 5.11% from 2025 to 2033. The industry is mostly being driven by growing developments in coffee cultivation and processing methods that can boost productivity, enhance quality, and affect bean supply.
The seeds of the Coffea plant, known as coffee beans, are gathered and processed to make the popular beverage. Usually found inside the coffee plant’s fruit, also known as coffee cherries, are these beans. Freshly picked green beans go through a number of processes to become the fragrant brown beans used in brewing. The cherries are first dried, and then their outer coats are removed by hulling, exposing the green coffee beans.
The next important process that gives coffee its distinct flavor, fragrance, and color is roasting these green beans. High temperatures are applied to the beans during roasting, which results in chemical changes that give coffee its distinctive flavor and aroma. The ultimate flavor profile, which ranges from light to dark roasts, depends on the roast’s duration and temperature. After roasting, the beans can be ground and brewed to make drip coffee or espresso, among other varieties.
The Japanese market for coffee beans is significantly impacted by a number of important factors, each of which is essential in determining the market’s future course. First off, there is no denying that the increase in coffee consumption, particularly among millennials, has spurred industry expansion. Furthermore, this need has been further increased by the rise of specialty coffees and the growing influence of cafe culture in Japan. Furthermore, improvements in coffee brewing equipment and techniques have increased the ways that customers may enjoy their drinks, increasing market potential.
Additionally, urbanization and rising disposable income are the main drivers of the Asia Pacific coffee market’s expansion. For example, according to the International Coffee Organization (ICO), Japan drank around 7303 bags of coffee in 2020-2021, which increased the market for coffee in thousands of 60-kg bags.
The industry is expanding due to a number of health advantages of coffee consumption, including lowering the risk of diabetes, burning fat, and providing a strong energy boost from caffeine. In an effort to lead healthier lives, consumers are gravitating toward plant-based or organic coffee. As a result, major companies are working on new products to keep their hold on the market. To address the quickly increasing demand for plant-based foods in Japan, Nestle Japan, for example, introduced a line of Nescafe lattes in 2021 that feature coffee capsules made with plant-based components.
Key Factors Driving the Japan Coffee Bean Market Growth
Rise of Specialty Coffee Culture
Due to customer demand for premium, artisanal, and high-quality coffee, there has been a noticeable movement in the Japanese coffee industry toward specialty coffee. A fondness for single-origin coffee, which has unique flavors depending on where it comes from, is one example of this. Particularly in cities like Tokyo and Osaka, specialty coffee shops and artisanal cafes have sprung up everywhere, providing unusual brewing techniques like pour-over, siphon, and AeroPress.
These establishments also place a strong emphasis on sourcing transparency and intricate taste profiles, which appeal to a discriminating customer base. Third-wave coffee culture’s growing appeal has pushed local roasters and baristas to prioritize quality, artistry, and narrative, which has greatly expanded the market and diversified Japan’s formerly tea-dominated beverage culture.
Health and Sustainability Consciousness
Environmental responsibility and health consciousness are emerging as key factors in the Japanese coffee business. Due to growing concerns about the use of pesticides, ethical labor practices, and environmental sustainability, consumers are increasingly looking for coffee beans that are certified organic and Fair Trade. As a result of this change, companies are launching low-acid, lower-caffeine, and functional coffee choices, frequently enhanced with vitamins or collagen.
Additionally, packaging technologies like biodegradable and recyclable materials are becoming more popular. Furthermore, traceability is important to Japanese customers, who want to know where their coffee comes from and how it is grown. Demand for more sustainable and healthful options is in line with Japan’s larger wellness trends and environmental objectives, which forces manufacturers and retailers to innovate and adjust their product offerings as well as their corporate social responsibility.
Technological Advancements in Brewing
The coffee market in Japan is changing significantly due in large part to the development of brewing technology. Sophisticated espresso machines, capsule systems, and smart coffee gadgets are widely used in homes and cafes due to modern consumers’ need for convenience without sacrificing quality. Even for inexperienced users, these advances facilitate the replication of barista-level quality.
Precision-engineered brewing gadgets that let users adjust temperature, grind size, and brew time are another contribution from Japanese IT businesses. Smart brewer-connected mobile apps that provide guided brewing experiences are growing in popularity. These advancements have made high-quality coffee experiences more accessible to all, fostering growth in both domestic consumption and home brewing tendencies while also reflecting the nation’s appreciation of craftsmanship and technology.
Challenges in the Japan Coffee Bean Market
Climate Change and Supply Chain Disruptions
The market for coffee beans in Japan is greatly impacted by climate-related disruptions in major producing nations like Vietnam and Indonesia. Coffee harvests, especially of the robusta type, are declining due to extended droughts, unpredictable rainfall, and rising temperatures. Global coffee prices have increased significantly as a result of these environmental changes; in the last year, the price of robusta futures alone has increased by more than 50%.
These price hikes are unavoidably passed on to merchants and customers because almost all of Japan’s coffee beans are imported. Higher retail costs are the outcome, which may reduce demand and jeopardize coffee’s accessibility and affordability, especially for independent roasters and small cafes. The stability and expansion of the market are seriously threatened in the long run by the continuous instability in the global supply chain.
Economic Pressures and Currency Fluctuations
The declining value of the yen is the main cause of the growing economic difficulties facing the Japanese coffee sector. Importing coffee beans, equipment, and other cafe supplies becomes much more expensive when the value of the currency declines. Due to their narrow profit margins, small and independent coffee shops are particularly affected by this financial hardship.
Many firms are forced to raise prices due to rising operating costs, such as labor, rent, and equipment upkeep. But doing so runs the danger of offending consumers on a tight budget, especially in a market where price sensitivity is rising as a result of wider inflationary pressures. If ignored, these economic swings endanger not only the bottom line of tiny businesses but also Japan’s rich and varied coffee culture.
Company Analysis: Overview, Key Persons, Recent Developments, Revenue Analysis
Starbucks
Nescafe
The Kraft Heinz Company
Lunchin Coffee
J M Smucker
Coca Cola
Dutch Bros.
Keurig Dr Pepper
JSE Peet’s N.V
Key Attributes:
Report Attribute
Details
No. of Pages
200
Forecast Period
2024 – 2033
Estimated Market Value (USD) in 2024
$1.61 Million
Forecasted Market Value (USD) by 2033
$2.52 Million
Compound Annual Growth Rate
5.1%
Regions Covered
Japan
Key Topics Covered:
1. Introduction
2. Research & Methodology 2.1 Data Source 2.1.1 Primary Sources 2.1.2 Secondary Sources 2.2 Research Approach 2.2.1 Top-Down Approach 2.2.2 Bottom-Up Approach 2.3 Forecast Projection Methodology
6. Market Share Analysis 6.1 By Product 6.2 By Distribution Channel 6.3 By End User
7. Product 7.1 Arabica 7.2 Robusta 7.3 Others
8. Distribution Channel 8.1 Online 8.2 Offline
9. End User 9.1 Personal Care 9.2 Food and Beverages 9.3 Pharmaceutical
10. Porter’s Five Forces Analysis 10.1 Bargaining Power of Buyers 10.2 Bargaining Power of Suppliers 10.3 Degree of Rivalry 10.4 Threat of New Entrants 10.5 Threat of Substitutes
About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
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The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.
The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.
The expected trading range for today is between 169.20 and 170.60
Trend forecast: Fluctuated within the bullish track
Silver consolidates just below its highest level in more than two weeks set on Thursday.
The mixed technical setup warrants some caution before placing fresh directional bets.
Any corrective slide might still be seen as a buying opportunity and remain cushioned.
Silver (XAG/USD) holds steady below the $37.00 mark during the Asian session on Friday and remains within striking distance of over a two-week high touched the previous day. Meanwhile, the constructive technical setup suggests that the path of least resistance for the white metal remains to the upside.
The daily Relative Strength Index (RSI, 14) remains above 50 and validates the positive outlook for the XAG/USD. However, the Moving Average Convergence Divergence (MACD) histogram and the signal line on the daily chart are yet to confirm bullish bias, suggesting that any subsequent move up could stall near the $37.30-$37.35 region, or the highest level since February 2012 touched earlier this month. Some follow-through buying, however, would set the stage for an extension of a nearly three-month-old uptrend.
On the flip side, the $36.50-$36.45 area now seems to protect the immediate downside, below which the XAG/USD could slide to the $36.15-$36.10 region. A further decline below the $36.00 mark could extend towards the $35.50-$35.40 horizontal zone. The latter should act as a key pivotal point and a convincing break below would shift the near-term bias back in favor of bearish traders. The white metal might then accelerate the corrective fall towards the next relevant support near the $35.00 psychological mark.
Some follow-through selling below the latter should pave the way for deeper losses and drag the XAG/USD to an intermediate support near the $34.75 en route to the $34.45 region.
Silver 4-hour chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.
The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.
The expected trading range for today is between 169.20 and 170.60
Trend forecast: Fluctuated within the bullish track
Platinum price failed to confirm surpassing the barrier at $1420.00, forcing it to form a new bearish correctional rebound, testing the minor bullish channel’s support at $1370.00.
Despite the attempt of the price stability above the mentioned support, the continuation of forming strong obstacle at $1420.00 level might activate the bearish correctional track, therefore, we recommend waiting for breaking the current support, then begin gathering some of the gains by targeting 41345.00 and $1330.00.
The expected trading range for today is between $1330.00 and $1400.00
Near-term resistance is clear at today’s high of $3,366. Therefore, a decisive breakout above that level has gold heading towards a prior lower swing high at $3,396. And it has a good chance of busting through there and continuing to a test of resistance around the recent swing high of $3,451. Slow momentum has been a concern since a trendline breakout triggered on June 2.
That rally subsequently fizzled following the $3,451 high, with gold eventually falling back below the 20-Day MA, where it remains. Therefore, another reclaim of the 20-Day line should be met with some enthusiasm from buyers as indicated by bullish price momentum. And there is the potential for volatility to increase.
Trend Support Retained
Notice that the most recent bounce from support at the 20-Day MA (purple) in early-June was followed by a relatively sharp three-day advance. It ended with a bearish outside day, like today. This only becomes relevant if Tuesday’s support fails and bearish momentum rises. Volatility should increase soon given the convergence of the 20-Day and 50-Day MAs recently. They are now the closest to one another since the beginning of the current upswing that began in January. That could help pump up a bull breakout.
For a look at all of today’s economic events, check out our economic calendar.
