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Commodities Gold

Gold Price Remains Steady Near $3,370 Due to Trade Jitters and Fed Uncertainty

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  • July 21, 2025
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Gold prices remain trading on a positive note near the $3,370 level due to safe-haven buying in the wake of increasing global trade tensions and uncertainty about the Federal Reserve’s interest rate trajectory. Investor anxiety regarding US President Donald Trump’s aggressive tariff policy, along with a modest pullback in the US Dollar, has reaffirmed the attractiveness of non-yielding assets such as gold. Yet, uncertainty regarding a lack of clear economic data and fear of a potential Fed pause in reducing rates has left traders cautious, with gold remaining in a temporary range. A breakout over $3,366 would indicate additional gains, while support is seen around $3,322. KEY LOOKOUTS • Look for a break above the $3,365–$3,366 resistance zone to affirm a bullish breakout to $3,400 and beyond. • Prime support is around $3,325–$3,322, with further downside dangers in case the price falls below $3,283. • Clashing signals on the Fed’s rate-cutting horizon—particularly during July–September—will continue to be a pivotal driver of USD and gold price action. • Increased trade tension, particularly in the wake of Trump’s threatened tariffs on large economies, can persist in fuel and sustained safe-haven demand for gold. The prices of gold are staying firm at the $3,370 level, underpinned by both safe-haven demand and a softening US Dollar amidst general trade uncertainty and mixed Federal Reserve rate-cut messages. Investors closely watch President Trump’s intensifying tariff threats, which are raising market anxiety and increasing the allure of gold. Meanwhile, the Fed’s conservative approach—between inflation fears and economic concerns—remains a nervous reckoning for traders, which caps strong bullish positioning. With little in the way of significant US data releases to start the week, market players are waiting for the breakout from the prevailing trading range to validate the next direction. Gold fluctuates at $3,370 as uncertainty regarding trade tensions and Fed rate cuts fuels safe-haven demand. A break above $3,366 might spur new gains, while support lies at $3,322. • Gold price is placed with a bullish bias near the level of $3,370 amidst persistent trade tensions. • Safe-haven demand is fostered by uncertainty regarding Trump’s planned tariffs on large economies. • The US Dollar continues to weaken due to conflicting Fed rate-cut expectations. • Markets think the Fed might push back rate cuts until September even after dovish rhetoric. • Technical resistance is around $3,365–$3,366; a breakout might see $3,400 and $3,434. • Support lies at $3,325 and $3,283 with further losses possible below $3,247. • Absence of significant US economic data leaves eyes on global PMIs and trade news. Gold prices remain supported by global economic and political uncertainty, led by U.S. trade policy. Market participants are still wary as President Donald Trump’s suggested tariffs on several major economies—including a possible 15% to 20% tax on the European Union—spook investors about inflation and supply chain interruptions. These events have further strengthened gold’s safe-haven status as investors increasingly turn to the precious metal in a backdrop of increasing geopolitical tension and economic uncertainty. XAU/USD DAILY PRICE CHART SOURCE: TradingView Aside from this, the US Dollar began the week on a weak note, under pressure as there were conflicting views from Federal Reserve officials on when to cut interest rates. While there are some Fed members favoring a reduction in rates as soon as July, others are urging that the cut be done by September, confusing the market. With inflation fears growing because of increased import costs, the Fed’s next step is far from clear, again spurring investor demand for gold as insurance against possible policy errors and economic turmoil. TECHNICAL ANALYSIS Gold is at the higher end of a well-established short-term range, with resistance at the $3,365–$3,366 area. A decisive and persistent breakout higher here can serve as a catalyst for bulls’ momentum, taking prices up towards the psychological level of $3,400 and subsequent major resistance around $3,434–$3,435. At the lower end, near-term support lies at $3,325–$3,322, with a further decline below $3,283 potentially risk-justifying a more significant correction to the $3,248–$3,247 area, tilting near-term sentiment towards bears. FORECAST If gold is able to push past the $3,366 resistance level with significant buying volume, it would represent the beginning of a new bullish leg. The immediate next target would be the psychological $3,400 level, then the $3,434–$3,435 resistance area. This move would most likely be driven by continued weakness in the USD, dovish Fed rhetoric, or additional geopolitical risks, specifically those involving international trade policies. Strong and steady gains might draw in technical buying and propel gold towards new multi-week highs. Conversely, a failure to break above the current resistance may lead to a pullback towards the $3,325–$3,322 support area. A break below this level could see more downside towards $3,283, and in the event of intensified selling pressures, prices could fall towards the June low of around $3,247. A stronger US Dollar, hawkish Fed news, or the relaxation of global tensions may cap safe-haven demand and spell a bearish change in gold’s near-term outlook.

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Commodities Gold

Gold Prices Hold Firm as Trade Tensions, Fed Rate Cut Bets and Weak USD Fuel Safe-Haven Demand

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  • April 15, 2025
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Gold prices remain firmly supported near record highs as lingering US-China trade tensions, expectations of aggressive Federal Reserve rate cuts in 2025, and a persistently weak US Dollar continue to drive safe-haven demand. Although temporary tariff exceptions declared by President Trump have provided some relief in global risk appetite, persistent doubt regarding future trade policy and fears of recession continue to incline investors towards the non-yielding yellow metal. Market focus is now on upcoming US economic indicators and Fed Chairman Jerome Powell’s speech, which are likely to provide new cues on the Fed’s policy trajectory and may impact the next direction for gold. KEY LOOKOUTS •  Continuous tariff threats and retaliations are further propelling market uncertainty, sustaining gold prices at higher levels as investors take refuge in bullion. •  Increasing bets on several Federal Reserve rate cuts in 2025, fuelled by recession concerns and tariff-related economic stress, are expected to be a drag on the US Dollar and buoy gold. •  Gold continues to be firmly bullish above the $3,200 level, with resistance targeted near record high of $3,245-$3,246. A breakout below $3,167 may initiate a further correction. •  Investors look for hints from Fed Chair Jerome Powell’s imminent speech on directions for future monetary policy that may have a large bearing on the near-term path of gold. Gold prices remain near all-time highs as investors balance ongoing US-China trade tensions, a soft US Dollar, and increasing expectations of Federal Reserve rate cuts in 2025. Although short-term tariff reprieves announced by President Trump have modestly improved global risk sentiment, the overall uncertainty regarding future trade policy and its economic consequences maintains demand for safe-haven assets such as gold firm. The metal’s bullish momentum is still in place above the crucial $3,200 support level, although technical indicators point to a possibility of short-term consolidation. In the near term, all eyes are still on Fed Chair Jerome Powell’s speech later this week, which is likely to provide more hints on the central bank’s policy direction and could dictate the tone for gold’s next major move. Gold prices remain close to record levels as trade tensions and expectations of a Fed rate cut fuel safe-haven demand. The US Dollar weakness continues to underpin the metal, with markets waiting for Fed Chair Powell’s speech for new policy signals. •  Gold (XAU/USD) remains firm around $3,230, just below its record high, due to ongoing safe-haven demand. • Persistent US-China tariff tensions and economic danger concerns keep driving investors to gold as a haven asset. • Markets are already pricing in several Federal Reserve interest rate cuts during 2025, which puts downward pressure on the USD and makes gold more attractive. • A bearish outlook for the US Dollar as a result of recession concerns and trade-related uncertainty continues to buoy higher gold prices. • Optimism about Trump’s temporary tariff reprieves on electronics and possible auto exemptions has put a cap on new upside for gold, even with the overall bullish trend. • Support is close to $3,200, while a breakout above $3,245 would confirm more gains; a breakdown below $3,167 could usher in an even larger correction. • Market players wait for Fed Chair Jerome Powell’s coming address, which should provide important guidance on the rate cut trajectory and possible drivers of gold’s next significant movement. Gold prices are still underpinned as international markets struggle with increasing uncertainty driven by persistent US-China trade tensions and escalating anxiety about an economic downturn. The latest increase in tariff threats, coupled with China’s retaliatory actions, has forced investors to turn to safe-haven assets such as gold. Contributing to the positive sentiment, speculation remains increasing that the Federal Reserve will act against these trade-induced risks by making aggressive interest rate reductions in 2025, further devaluing the US Dollar and increasing the attractiveness of gold as a store of wealth. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Although short-term relief was given by the White House’s announcement to exclude some products from tariffs, investors are still guarded because President Trump’s trade policy implies further policy turns may be on the horizon. Markets are also watching for coming economic indicators and comments from Federal Reserve officials, particularly Fed Chairman Jerome Powell, for hints on future monetary policy. With the international risk environment remaining strained and inflation worries still present, gold remains in focus as a trusted hedge during uncertain times. TECHNICAL ANALYSIS Gold prices remain in firm bullish momentum, comfortably above crucial support levels. The recent price action indicates that the buyers are still in command, particularly after fending off the $3,200 zone and moving higher towards all-time highs. But the Relative Strength Index (RSI) shows the metal is heading into the overbought zone, and that may trigger a short-term consolidation prior to any additional rally. So long as gold remains above its near-term support floor, the general uptrend continues intact, and any firm break above recent levels would leave the way open for new all-time highs in the days ahead. FORECAST Gold prices are likely to extend their bullish momentum if trade tensions persist and global economic uncertainty deepens. Continued weakness in the US Dollar, combined with expectations of multiple Federal Reserve rate cuts in 2025, could further fuel demand for the safe-haven metal. If investor sentiment remains risk-averse amid ongoing tariff threats and recession concerns, gold could attempt to break above its recent record high, potentially setting new all-time peaks in the coming weeks. Conversely, however, any meaningful shift in global risk appetite — for example, news of US-China trade talks breakthrough or additional tariff relief — would cut into the popularity of safe-haven assets such as gold. Moreover, if future US economic releases demonstrate unforeseen strength or if Federal Reserve policymakers hint at a reduced rate-cutting tempo, the US Dollar could bounce back, putting downward pressure on gold prices. In such a situation, the market would in all likelihood attempt to correct and fall back toward the lower supports levels before relocating.

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Commodities Gold

Gold’s Rally Gains Momentum on US-Russia Peace Negotiations and Market Sentiment

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  • February 18, 2025
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Gold maintains its rally for the second day running, reaching over $2,900 as market uncertainty and geopolitical tensions boost demand for the precious metal. The peace negotiations between US and Russian officials in Saudi Arabia have also boosted investor appetite, while Goldman Sachs raised its year-end forecast for gold to $3,100 per ounce. With inflation worries and changing Federal Reserve policy, traders are paying close attention to key resistance points, and a daily close above $2,910 could lay the groundwork for a new all-time high. But technical indicators, including an overbought RSI, point to a potential cooling-off period before additional gains.  KEY LOOKOUTS • Investors are intently following US-Russia peace negotiations in Saudi Arabia since any significant result has the potential to influence considerably the safe-haven status of gold and its price movement. • Remarks from Fed officials like Patrick Harker and Mary Daly can impact sentiment in the markets, especially about interest rate announcements and inflation projections. • A close above $2,910 on a daily basis may signal a bullish break, with bulls targeting $2,921 and the all-time high of $2,942 as important resistance levels. • Trump’s delays and exclusions in trade policy are generating economic uncertainty, reaffirming the position of gold as a value store amid world trade worries. Gold’s pace is strong with traders keeping close tabs on key geopolitical and economic events. US-Russia peace negotiations in Saudi Arabia are the primary point of interest, with any advancement having the ability to shift sentiment in markets. Comments by Federal Reserve officials on inflation and interest rates would also impact gold’s direction, particularly following Patrick Harker’s comments on leaving current rates alone. A close above $2,910 daily would affirm bull strength, with buyers targeting resistance at $2,921 and the all-time high of $2,942. At the same time, uncertainty over US tariff policies continues to fuel demand for gold as a safe-haven asset. Gold’s rally persists as geopolitical tensions and economic uncertainty fuel demand, with traders closely monitoring key resistance levels for a possible all-time high. US-Russia peace talks and Federal Reserve policies continue to be key drivers of market sentiment. • Gold extends rally to $2,910 amid geopolitical tensions, market uncertainty lifting demand for safe-haven precious metal. • Investors keep their eyes on developments in Saudi Arabia, where breakthroughs could revive gold’s appeal as a haven. • Public comments by Fed officials on interest rates and inflation may affect direction of gold, with traders keeping an eye for policy cues. • The gold forecast for the year-end has been raised to $3,100 per ounce by the investment bank, which attributes this to central bank purchases and ETF inflows. • A close above $2,910 on any given day will indicate more bullish momentum, and the major resistance levels are $2,921 and the all-time high at $2,942. • Trade policy delays and exclusions during Trump’s administration are building economic uncertainty, making gold’s appeal as a hedge stronger. • The Relative Strength Index (RSI) is signaling overbought levels, meaning traders can hold off for a dip in price before opening new positions. Gold remains in its bullish trend, breaking above $2,900 as investors clamor for the safe haven amidst geopolitical and economic tensions. US-Russia peace negotiations in Saudi Arabia continue to be a key area of interest, with any advancement having the potential to influence gold as a safe-haven asset. Moreover, Federal Reserve officials such as Patrick Harker and Mary Daly will also appear, giving future interest rate directions. Since the Fed is showing caution regarding inflation, market actors are paying particular attention to looking for signs which can guide the direction of gold. In between, Goldman Sachs has increased the year-end bullion target price to $3,100 an ounce on solid central bank buying and rising flows into bullion-backed ETFs. XAU/USD Daily Price Chart TradingView Prepared by ELLYANA Gold’s rally goes on as it crosses $2,900 on the back of geopolitical tensions and economic uncertainty. Investors are waiting with bated breath for US-Russia peace talks in Saudi Arabia, which may affect gold’s safe-haven demand. In addition, Federal Reserve officials’ future comments on inflation and interest rates might further shape market sentiment. Goldman Sachs’ updated year-end forecast of $3,100 an ounce emphasizes strong central bank demand and ETF inflows underpinning the metal’s bullishness. TECHNICAL ANALYSIS The technical position of gold continues to be bullish, with the price recovering main resistance at $2,910 and positioning the market for increased gains. Closing above this price on the daily chart would support the bullish move, with players targeting the subsequent resistance at $2,921 and the historic high of $2,942. The Relative Strength Index (RSI) is, however, showing signs of overbuying, warning that the market action could get overheated. This implies the possibility of a pullback or consolidation before another breakout. Target levels to monitor are $2,893, which has already held through the Asian session, and $2,881 as the next key downside target. A break below these would initiate a short-term correction, but overall momentum is strong for further upside. FORECAST Gold’s upward momentum persists as it remains above key resistance at $2,910, indicating further potential gains. Should prices close above this mark, the next resistance target would be $2,921, with $2,942 being the all-time high. Breaking above $2,942 would take gold towards Goldman Sachs’ updated year-end target of $3,100 per ounce on the back of robust central bank demand and safe-haven appetite. Moreover, persistent geopolitical tensions, such as the US-Russia peace talks and worldwide trade uncertainties, would lead investors to gold, further supporting its bullish trend. Gold has a potential downside risk even after the strong rally because overbought technical readings are present. The Relative Strength Index (RSI) indicates that the price is reaching dangerous levels of overheating, which may correct or consolidate before another increase. Immediate support is at $2,893, with $2,881 providing further support as buffers against a further drop. If selling pressure continues to build, then gold may fall towards $2,860 or even lower if Federal Reserve officials indicate a less

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