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Gold Climbs Above $3,670 as Dip Buyers Take Advantage of Firm US Dollar and Strong Asian Demand

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  • September 20, 2025
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Gold rebound above $3,670 on Friday after briefly reaching weekly lows of $3,630, as dip buyers jumped in despite a strong US Dollar and an increase in US Treasury yields. The demand was underpinned by strong demand from China and India, which countered the plunge in Swiss exports to the US under tariff uncertainty. The last 25-basis-point rate cut by the Fed, which indicates a low-rate regime, also supported bullion, aiding XAU/USD’s bounce back following successive bearish days. Technical analysis indicates the bullish trend may persist, with possible tests of all-time highs around $3,703 if the momentum is sustained. KEY LOOKOUTS • Future Fed actions and economic statistics, such as Core PCE, Durable Goods, and GDP releases, may determine gold’s direction. • Robust demand from China and India continues to provide a strong underpinning for bullion, counterbalancing weakness in Western markets. • A sturdy US Dollar and increasing Treasury yields may pressure gold, so XAU/USD’s stability is even more noteworthy. • Important support at $3,650 and resistance around $3,703–$3,750 will dictate short-term price action. Gold remains resilient as it bounces back above $3,670 on the back of dip buyers and robust Asia demand, even with a solid US Dollar and higher US Treasury yields. The recent cut by the Fed in interest rates has made the low-rate environment friendly, prompting investors to shift back to the non-yielding metal. Even though Swiss exports to the US collapsed strongly on the back of tariff uncertainty, sharply higher shipments to China and India have supported bullion’s upside. Technical charts indicate the rally could persist, with $3,703 and $3,750 serving as pivotal resistance levels to monitor. Gold recovers over $3,670 as decline buyers return, with healthy demand from China and India. With a firm US Dollar and increasing Treasury yields, the uptrend in bullion holds. Pivotal resistance levels to monitor are $3,703 and $3,750. • Gold rebounded off weekly lows at around $3,630 and trades above $3,670. • Dip buyers intervened in the face of a strong US Dollar and increasing US Treasury yields. • China and India’s robust demand helped underpin bullion over faltering Swiss exports to the US. • The recent 25-basis-point Fed rate cut set a positive low-rate backdrop for gold. • XAU/USD reversed following back-to-back bearish sessions, up more than 0.69%. • Technical indicators indicate possible resistance at $3,703, $3,750, and $3,800. • The key support levels are $3,650, $3,613, and $3,600 in case the uptrend weakens. Gold is gaining momentum as buyers step in to purchase after declines, underpinned by renewed demand from significant Asian markets. Imports from China and India have risen sharply, counteracting the disruption of Swiss exports to the US due to tariff uncertainty. The appeal of the metal is also enhanced by the recent Fed rate cut, which has established a conducive environment of low interest rates that usually favors non-yielding assets such as gold. XAU/USD DAILY CHART PRICE SOURCE: TradingView Market sentiment remains cautiously optimistic with global economic factors still driving bullion demand. As the US Dollar and Treasury yields remain robust, solid consumer and industrial demand from Asia has been supportive of gold prices. Market players are keeping a close eye on upcoming economic data and central bank moves, which are set to drive market trends in the coming weeks. TECHNICAL ANALYSIS Gold has moved back into its uptrend after rebounding above $3,670, with momentum indicators like the Relative Strength Index (RSI) registering fresh bullish momentum after recovering from overbought territory. The key resistance levels to monitor are $3,703, $3,750, and $3,800, which may serve as potential targets in case the buying pressure is maintained. On the other hand, support is expected around $3,650, with additional cushioning near $3,613 and $3,600, giving traders clear levels for entry and exit points. FORECAST Gold will continue to go higher in the near term on the back of firm Asian buying and the supportive low-rate environment fostered by the recent Fed rate cut. If buying continues, XAU/USD may touch key resistance at $3,703 and even $3,750, with a possible revisit to $3,800 on sustained momentum. But a turn around cannot be avoided if the US Dollar gets stronger or Treasury yields shoot up sharply. Then gold will be under selling pressure, with initial support at $3,650 and further down targets at $3,613 and $3,600, which can be used as crucial levels for dip buyers to again get in.

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Commodities Gold

Gold Bulls Defy as Fed Rate Cut Speculations and Safe-Haven Demand Fuel XAU/USD

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  • September 10, 2025
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Gold remains to demonstrate strength as bullish mood continues to dominate, buoyed by hopes of Federal Reserve rate cuts and revived safe-haven demand. The yellow metal recovered its lost ground after a slight decline from an all-time high, supported by softer-than-anticipated US employment data, ongoing geopolitical tensions, and political uncertainties in France and Japan. Even as a small recovery in the US Dollar and overall positive risk sentiment might limit advances, gold is well-placed close to all-time highs as market participants await fresh cues from the next US Producer Price Index (PPI) and Consumer Price Index (CPI) releases. KEY LOOKOUTS • Market participants will look closely at the next US Producer Price Index (PPI) and Consumer Price Index (CPI) releases, which might dictate the next direction for gold prices. • Expectations of possible Federal Reserve interest rate reductions continue to underpin safe-haven demand for gold. • Escalating Middle East tensions, Russia-Ukraine hostilities, and political unrest in France and Japan could support the safe-haven appeal of gold. • Any US Dollar rebound or favorable risk mood in international markets can be a headwind, capping risky advances in gold. Gold continues on an upward slope as bulls maintain the upper hand, helped by hopes of Federal Reserve rate cuts and increased safe-haven demand in the face of global uncertainties. Soft US jobs data, coupled with political turmoil in France and Japan and increasing geopolitical tensions, have driven gold’s allure as a safe-haven asset. Although modest US Dollar gains and overall good risk mood might abate sharp buying, the market is concentrating on future US inflation figures, which are set to determine the short-term direction of the XAU/USD cross. Gold remains close to historic highs on back of Fed rate cut hopes and safe-haven buying against geopolitical and political risks. US PPI and CPI data will guide the next move. Cautious USD advances and favorable risk appetite can limit further rallies. • Gold (XAU/USD) regained its lost steam after a brief dip from an historic high. • Fed rate cut hopes underpin positive sentiments in gold. • Subpar US jobs numbers made the argument for more stimulus through monetary policy even more compelling. • Geopolitical tensions, such as the Israel-Hamas war and Russia-Ukraine, enhance gold’s safe-haven demand. • Political unrest in France and Japan contributes to uncertainty in markets, which is bullish for gold. • US PPI and CPI reports due out shortly are significant events that can help determine gold’s near-term trajectory. • Technical resistance at $3,640–$3,645, and the record high close to $3,675 that serves as a strong resistance. Gold remains in focus among investors as sentiment remains bullish, fueled by hopes of Federal Reserve rate reductions and fresh safe-haven demand. Downbeat US employment data has supported the perception of a weakening jobs market, leading markets to price in future policy loosening. Geopolitical risks, including the Israel-Hamas clashes and the evolution of the Russia-Ukraine standoff, and political uncertainties in France and Japan have also fueled gold’s appeal as an insurance asset. XAU/USD DAILY CHART PRICE SOURCE: TradingView In spite of an overall favorable risk climate and modest US Dollar recovery, gold is strongly supported at near-record levels. Market players are looking closely toward soon-to-be-released US inflation reports, including the Producer Price Index (PPI) and Consumer Price Index (CPI), to offer new guidance to the XAU/USD pair. The blend of macroeconomic variables, geopolitical uncertainty, and policy anticipation continues to support gold as a premier safe-haven asset. TECHNICAL ANALYSIS Gold is in a bullish trend but encounters some short-term resistance. The daily Relative Strength Index (RSI) is overbought, indicating that a short-term pullback or consolidation may take place before more upside. The principal support levels are at $3,600 and $3,580, whereas short-term resistance is at the $3,640–$3,645 level. A breach above the last all-time high at around $3,675 would set the stage for the $3,700 level round number, but bulls should be reluctant amid the overbought level. FORECAST Gold can be expected to move higher over the short term if positive drivers like Fed rate cut hopes, global tensions, and safe-haven appetite are in place. A continuous breakout above $3,675 previous record high can drive the XAU/USD currency pair towards $3,700, inviting follow-through purchases from bearish traders. Good risk appetite or sustained US Dollar weakness can further add to the upside momentum. On the negative side, any more-than-anticipated US inflation numbers or sudden US Dollar rebound could put a lid on gains and set the stage for a corrective reversal. Levels of support to pay particular attention to lie in the zones of $3,600 and $3,580, while a more severe decline has its sights on the $3,565–$3,560 region. Care is advised, since overbought technicals indicate little short-term scope for aggressive bullish wagers.

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Commodities Gold

Gold Hits Record $3,600 as Soft US Jobs Data Spurs Fed Rate Cut Hopes

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  • September 6, 2025
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Gold soared to an all-time high of $3,600 on Friday after disappointing US Nonfarm Payrolls (NFP) data fueled speculations of Federal Reserve rate reductions. The report released 22,000 jobs in August, short of expectations, and sent the unemployment rate to 4.3%, while wage growth stagnated. As a response, US Treasury yields fell, the US Dollar lost value, and investors rushed towards the safety of Gold. Concerns from the market regarding Fed independence, combined with speculation of a possible 50-basis-point reduction by analysts, helped sustain bullion’s rally before next week’s release of the US Consumer Price Index (CPI). KEY LOOKOUTS • Next week’s CPI data will be closely monitored by investors to determine inflation patterns and likely Fed rate cuts. • Expectations of a 25–50 bps rate reduction will shape Gold’s short-term course. • Dropping yields and a weak Dollar continue to propel Gold’s bullish trend. • Gold is at major resistance of $3,650 and $3,700, while a fall below $3,600 would potentially pave the way to $3,511 and $3,500. Gold reached an all-time high at $3,600 as weak US labor market statistics kindled hopes of near-term Federal Reserve rate cuts. The August Nonfarm Payrolls report was disappointing with a mere 22,000 jobs being added, nudging unemployment upwards while leaving wage growth unchanged. Declining Treasury yields and a weakening US Dollar added to the bullion’s safe-haven appeal. Market fear of Fed independence, as well as hopes of a potential 50-basis-point reduction, has supported Gold’s positive bias before next week’s US Consumer Price Index (CPI) release. Gold broke the all-time high at $3,600 following dismal US jobs numbers that increased prospects of Fed interest rate reductions. Declining Treasury yields and weaker Dollar powered the rally, with markets now looking towards next week’s CPI release for direction. • Gold touched an all-time high of $3,600 after soft US Nonfarm Payrolls data. • August jobs report reported adding just 22,000 jobs, below estimates of 75,000. • US unemployment rate increased to 4.3%, while wage growth stabilized at 0.3% MoM. • US Treasury yields, particularly the 2-year note, plummeted hard, increasing Gold’s attractiveness. • The US Dollar Index (DXY) fell 0.70% due to risk-off flows. • Potential Fed rate cuts of 50 bps or so are anticipated by analysts, such as Standard Chartered. • Gold near-term technical resistance is at $3,650 and $3,700, with near-term support at $3,511–$3,500. Gold jumped to a record $3,600 as softer-than-forecast US labor market data fueled speculation the Federal Reserve will restart rate cuts. The August Nonfarm Payrolls report indicated just 22,000 jobs added, below forecasts, and the unemployment rate increased to 4.3% and wage growth was steady. Disappointing jobs numbers raised concerns about the health of the US economy, and investors turned to the safety of Gold. XAU/USD DAILY CHART PRICE SOURCE: TradingView Market sentiment was also impacted by declining Treasury yields and a softer US Dollar, both of which benefited bullion’s attractiveness. Analysts such as those at Standard Chartered emphasized prospects for material Fed easing over the next few months, enhancing expectations for rate cuts before next week’s US Consumer Price Index (CPI) report. Political uncertainty with regard to the Fed’s independence contributed further to the bearish outlook for Gold. TECHNICAL ANALYSIS Gold’s technical bias is strongly bullish following a break above the $3,600 level, indicating a strong uptrend. The immediate levels to watch for resistance are $3,650 and $3,700, where profit-taking might occur. On the bearish side, a close below $3,600 on the daily chart might open up support at $3,511, and then come the psychological $3,500 level. On a general basis, the trend indicates that the bulls are dominant, and additional gains are expected if Gold manages to hold above support levels. FORECAST Gold is expected to remain on a rising course in the short term if market sentiment is supportive. On expectations of Fed interest rate cuts and a softer US Dollar, prices have the potential to test resistance levels around $3,650 and even $3,700. The positive momentum can continue as investors look to safe-haven assets in anticipation of key US economic data. But negative risks persist if Gold cannot stay above $3,600. A sustained decline below this may push prices into correction to $3,511, then $3,500, as investors may take profits or respond to better-than-forecast US economic statistics. Reactions of markets to the US Consumer Price Index (CPI) announcement will be pivotal to deciding the next way forward.

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Commodities Gold

Gold Consolidates Below Record Highs as Traders Wait for Key US Labor Market Data

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  • September 4, 2025
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Gold (XAU/USD) is consolidating below its all-time high of $3,578.50 as traders take profits and the US Dollar remains firm, tempering recent bullish momentum. Despite the respite, safe-haven demand is supported by softening US Treasury yields, tranquil global bond markets, and expectations of a Federal Reserve rate cut in September. With investor attention now on the ADP Employment report and upcoming Nonfarm Payrolls, labor market data will be crucial in determining near-term direction for Gold prices. KEY LOOKOUTS • ADP Employment and Nonfarm Payrolls will be instrumental in deciding Gold’s next move. • Markets price in high probability of a September rate cut, supporting safe-haven demand. • A firm Dollar and softening bond yields continue to shape Gold’s short-term path. • Calmer conditions in Japan and the UK lower safe-haven rush but support amid persistent fiscal risks. Gold prices are taking a breather below record highs as investors weigh profit-taking against persistent safe-haven demand. While the US Dollar’s firmness is weighing on sentiment, softer Treasury yields and tranquil global bond markets are helping to cushion the downside. With the Federal Reserve widely anticipated to cut rates in September, attention now shifts to US labor market data, including the ADP Employment report and Nonfarm Payrolls, which are poised to guide Gold’s near-term direction. Gold is consolidating below its record high as traders wait for key US labor market data. Softening Treasury yields and Fed rate cut expectations support safe-haven demand, while the US Dollar’s firmness caps upside momentum. • Gold reached a record high of $3,578.50 before consolidating around $3,540. • Profit-taking and a firm US Dollar are weighing on sentiment. • Softening US Treasury yields are helping to cap downside pressure. • Tranquil global bond markets lower safe-haven rush but still support Gold. • Markets are pricing in a September Fed rate cut, supporting bullish bias. • Investor attention shifts to ADP Employment data and Nonfarm Payrolls for labor market cues. • Key support is at $3,500–3,450, while resistance remains at the record high of $3,578. Gold is taking a breather after a record-breaking run that pushed prices to new record highs, with investors looking to the next US labor market data for direction. The yellow metal remains supported by hopes of a Federal Reserve rate cut in September, as cheaper borrowing makes it more attractive as a safe-haven asset. Softer global bond markets and declining US Treasury yields have also supported sentiment, keeping bullion demand well supported despite light profit-taking. XAU/USD DAILY CHART PRICE SOURCE: TradingView The overall environment for Gold remains supportive as economic uncertainty, global trade tensions, and fiscal credibility concerns in major economies continue to underpin its status as a risk hedge. With markets already fully pricing in policy easing from the Fed, investors are now looking to the ADP Employment report and Friday’s Nonfarm Payrolls, which are expected to dictate the direction of Gold’s next move. Meanwhile, the safe-haven theme continues to underpin the precious metal. TECHNICAL ANALYSIS Gold (XAU/USD) is consolidating after its record high of $3,578.50, with momentum indicators pointing to a potential cooling phase. The Relative Strength Index (RSI) is still in overbought levels above 70 but is trending lower, indicating room for a pause or pullback. Prices are also testing the upper Bollinger Band at $3,543, indicating stretched bullish momentum and the potential for a retreat to the 20-day moving average at $3,398 if profit-taking intensifies. Immediate support is at $3,511 and $3,500, while resistance is at the $3,578 peak, with a breakout opening the way to the $3,600 level. FORECAST If US labor market data is softer than anticipated, Gold may regain strong bullish momentum as hopes for a September Fed rate cut intensify. A sustained break above the record high of $3,578 would open the way for a move to the psychological $3,600 level, with further potential for upside if safe-haven demand picks up pace amid continued global economic and fiscal uncertainties. Conversely, more robust US jobs data or a more resilient US Dollar may provoke more aggressive profit-taking, sending Gold lower in the near term. Critical support levels are at $3,511 and the $3,500 psychological level, with a further drop potentially reaching the $3,450 area. A breakdown below these levels could indicate a more extensive correction, although the long-term bullish bias is still in place.

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Commodities Gold

Gold Retreats to $3,400 Ahead of US PCE Inflation Data as Dollar and Yields Strengthen

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  • August 29, 2025
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Gold is stabilizing around $3,407 after pulling back from the one-month high, with investors looking to the US core PCE inflation figures that will determine the Federal Reserve’s next step. A firming Dollar and stable Treasury yields are keeping prices under pressure, but safe-haven buying, tensions in geopolitics, and rate cut expectations are still favoring Gold’s overall bullish trend. KEY LOOKOUTS • Core PCE Price Index released today at 12:30 GMT will be the major determinant of Gold’s future direction. • A firmer US Dollar and solid Treasury yields are putting pressure on the precious metal. • Weaker PCE might fuel hopes for a September Fed rate cut, while stronger numbers might limit Gold’s upside. • Russia-Ukraine tensions and uncertainty surrounding Fed leadership remain supporting safe-haven demand. Gold is consolidating slightly above the $3,400 level on Friday after pulling back from one-month high of $3,423, as traders become cautious before the release of the US core PCE Price Index. A firmer US Dollar and stronger Treasury yields are behind the pressure on the precious metal, as profit booking contributes to the retreat. The markets look for core PCE to increase 0.3% on a monthly basis and 2.9% on a yearly basis, and the result should influence anticipation for a September Fed rate reduction. Although corrected briefly, geopolitical tensions, issues regarding Fed autonomy, and the general safe-haven nature of Gold remain in favor of its bullish predisposition. Gold retreats towards $3,400 as investors look to the US core PCE inflation reading, which is a critical indicator of the Fed policy path. The stronger US Dollar and consistent Treasury yields dampen the metal, although its safe-haven status is still intact due to geopolitical and policy risks. • Gold falls to about $3,407 after Thursday’s one-month high of $3,423. • A stronger US Dollar and flat Treasury yields are weighing on the metal. • Expectations for a July US core PCE Price Index increase to 0.3% MoM and 2.9% YoY. • A softer result can solidify hopes of a September Fed rate cut. • Improved inflation figures would support the Dollar and add further pressure to Gold. • Geopolitical uncertainty and concerns of Fed independence sustain safe-haven buying. • Technical levels of importance: support around $3,400 and $3,395; resistance at $3,423 and $3,450. Gold is trading close to $3,407 on Friday, falling slightly after hitting a high not seen since late July. The decline comes as market players go cautious in the wake of the release of US core PCE Price Index, the preferred inflation measure of the Federal Reserve, which is likely to indicate a slight increase. A firmer US Dollar and strong Treasury yields are also contributing to the sentiment, while month-end profit-taking added to the decline. XAU/USD DAILY PRICE CHART SOURCE: TradingView In spite of the near-term consolidation, the overall outlook for Gold remains underpinned by enduring geopolitical tensions and uncertainties regarding the independence of the Federal Reserve. Safe-haven buying has been supported by continued tensions in Ukraine and the legal battle over the Fed governor’s removal attempt. Added to the anticipation of policy easing in the second half of this year, these points continue to support Gold’s long-term bullish story across global markets. TECHNICAL ANALYSIS Gold is trading just above the $3,400 psychological floor following Thursday’s surge to $3,423, its best level since late July. The Relative Strength Index (RSI) has relaxed from overbought levels to about 61, indicating abating momentum but still in the buyers’ favor. The next support is at $3,400, followed by the 21-period EMA at about $3,395 and the 100-period EMA at about $3,365. On the positive side, there is resistance at $3,423, with a steady break paving the way towards the $3,450 zone. Generally, the technical setup indicates dips can find fresh buying interest if major supports remain intact. FORECAST If the coming US core PCE inflation data is softer than anticipated, it might increase speculation for a September Fed rate cut, putting pressure on the US Dollar and increasing Gold demand. In that case, a powerful break above $3,423 could set the stage for further advances to the $3,450 area, continuing to support the bullish momentum as safe-haven demand stays high. On the other hand, a better-than-anticipated PCE print will likely stem dovish Fed bets, boost the Dollar, and pressure Gold prices. Falling through the $3,400 support level may prompt a retreat back to $3,395 and possibly further to the $3,380–$3,370 region, where renewed buying interest might be seen.

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Commodities Gold

Gold Under Pressure: Dollar Strength and Profit-Taking Weigh, Fed Uncertainty Provides Cushion

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  • August 27, 2025
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Gold (XAU/USD) is selling off in Wednesday’s early European trading session, giving back a two-week high of $3,395 as dollar strength and profit-taking pressure the metal. Nevertheless, doubts regarding the independence of the US Federal Reserve, sparked by the bid to oust a Fed governor from former President Donald Trump, give the metal underlying support as investors look for safe havens. Traders currently look to Friday’s US July PCE inflation reading for new direction, with warmer-than-expected numbers set to restrict the Fed’s space for cutting rates. In addition, geopolitical tensions, most notably from the Russia-Ukraine conflict, are also dominant drivers of short-term gold price action. KEY LOOKOUTS • Profit-taking and firmer US Dollar are weighing on Gold below its recent two-week peak. • Fed independence fears as Trump tries to remove a governor are underpinning safe-haven demand. • US July PCE inflation reading on Friday may set the tone for Fed’s rate-reduction trajectory. • Geopolitical tensions, particularly the Russia-Ukraine war, could spur new volatility in Gold prices. Gold prices declined during initial European trading on Wednesday amid profit-taking and a small recovery in the US Dollar, which dragged the metal lower from a two-week high. Even this pullback has not dissuaded worries about the independence of the US Federal Reserve after former President Donald Trump’s bid to oust a Fed governor. Investors now focus on Friday’s US July PCE inflation report, which is seen to shape the Fed policy perspective and might determine Gold’s next direction. Also, persisting geopolitical tensions, notably the Russia-Ukraine war, remain a major driver for market sentiment of the yellow metal. Gold recedes from two-week peak as profit-taking and US Dollar strength hamper prices. Nonetheless, Fed independence fears and geopolitical tensions continue to offer safe-haven support prior to the US July PCE inflation report. • Gold pulls back from a two-week peak of $3,395 as profit-taking and US Dollar strength bear down on prices. • Worry about the independence of the US Federal Reserve helps to underpin safe-haven demand for Gold. • Donald Trump’s attempts to oust a Fed governor have injected political uncertainty. • The US July PCE inflation report, expected at 2.6% YoY headline and 2.9% core, is awaited by traders. • A more-than-anticipated PCE print would cap the Fed’s rate-cutting ability in September. • Geopolitics, more so the conflict between Russia and Ukraine, continue to be major drivers of Gold sentiment. • Despite near-term sell-offs, Gold remains in a bullish longer-term tone underpinned by safe-haven demand. Gold is now walking a fine line as global market sentiment continues to be driven by both political and economic events. A stronger US Dollar and profit-taking have put pressure on it, yet safe-haven demand still supports the yellow metal. Political uncertainty has increased after Donald Trump’s actions against a Fed governor, raising doubts about the independence of the US Federal Reserve, prompting investors to turn to gold as a hedge against political and financial uncertainty. XAU/USD DAILY PRICE CHART SOURCE: TradingView Meanwhile, investors are watching closely for coming economic statistics, specifically the US July PCE inflation reading, which will set the tone for monetary policy expectations. Aside from economic metrics, geopolitics such as the Russia-Ukraine war continue to be important, as further tensions will boost demand for gold, while indications of peace could soften its attraction. All these factors put gold in the limelight as investors consider risk versus security in an uncertain world. TECHNICAL ANALYSIS Gold holds a bullish bias even after the recent pullback, with prices keeping above the crucial 100-day Exponential Moving Average (EMA). The 14-day Relative Strength Index (RSI) is just above the midline at around 56.80, indicating continued bullish bias. The nearest resistance comes at the $3,400–$3,410 band, a breach of which could open the way for $3,439 and possibly the $3,500 level. On the downside, sustained weakness below $3,325 could expose the next support around $3,200, keeping traders cautious of any deeper correction. FORECAST Gold can continue to make gains if the price is pushed above the key $3,400–$3,410 resistance level. The journey upward can be sustained further towards $3,439, then the psychological $3,500 mark, which coincides with April’s highs. Safe-haven buying prompted by Fed independence fears and geopolitical tensions can add to the bullish momentum in the short term. Conversely, however, if profit-taking and US Dollar strength remain in control, Gold may once again come under pressure. A firm breach below $3,325 would likely leave the next significant level of support at $3,200, which is the lower edge of the Bollinger Band. Any less-than-expected inflation figures or reduced geopolitical tensions would further fuel this downward move, curbing gold’s short-term attractiveness.

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Commodities Gold

Gold Slips as Hawkish Fed, Robust USD, and Russia-Ukraine Peace Hopes Dampen XAU/USD

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  • August 21, 2025
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Gold (XAU/USD) slid on Thursday after a hawkish FOMC minutes tone bolstered the US Dollar, while peace hopes for Russia and Ukraine further bruised safe-haven demand. The officials’ concerns over inflation and diminished chances of sharp rate cuts in September kept the USD firm. Geopolitical events, such as comments by Russian and US officials, in addition to market expectations surrounding near-term global PMIs and Fed Chair Jerome Powell’s Jackson Hole address, will likely drive the short-term trend of the yellow metal. On a technical basis, Gold has support at $3,312 and resistance at $3,352, so a conservative trading range is in the offing. KEY LOOKOUTS • Investors will look to the Federal Reserve’s rate-cut trajectory and policy direction, which may influence short-term Gold action. • Flash Purchasing Managers’ Index reports might shape risk sentiment and influence safe-haven Gold demand. • Hawkish FOMC minutes are making the USD stronger, which usually puts pressure on non-yielding Gold. • Developments in Russia-Ukraine peace talks and statements from world leaders might influence Gold’s safe-haven appeal. Gold remained under pressure on Thursday, weighed down by a strong US Dollar after hawkish FOMC minutes and optimism on the resolution of the Russia-Ukraine war. The minutes emphasized inflation fears, downscaling expectations for aggressive rate cuts in September and lending support to the Greenback. Traders are now looking forward to soon-to-be-released flash global PMIs and Fed Chairman Jerome Powell’s address at the Jackson Hole Symposium for further guidance. Technically, Gold sees near-term support at $3,312 and resistance at $3,352, suggesting cautious trading range as investors consider economic and geopolitical signals. USD/CHF inches up to 0.8050 with the US Dollar finding refuge in the Fed’s cautious stance on inflation. Investors keep an eye on Powell’s Jackson Hole address, Swiss Trade Balance data, and US PMIs for fresh direction in markets. • Gold drifts lower on a stronger US Dollar propped up by dovish FOMC minutes. •  July FOMC meeting minutes emphasized inflation pressures and decreased the risk of aggressive September rate cuts. •  Hopes for a possible Russia-Ukraine peace agreement are curbing demand for the safe-haven metal. •  Market participants are waiting closely for upcoming flash global PMIs that will reflect the health of the economy and sentiment towards risk. • Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium continues to be a key market driver. • Technical support for Gold is around $3,312, whereas resistance is around $3,352 and $3,375. • A break below $3,300 would trigger additional technical selling, whereas strength above $3,352 might produce a short-covering rally towards $3,400. Gold came under fresh pressure on Thursday as the combination of a stronger US Dollar and geopolitical optimism depressed the safe-haven metal. The hawkish tone in the July FOMC minutes, highlighting fears of inflation, cooled the expectations for forceful interest rate cuts in September. Meanwhile, optimism over a possible end to the Russia-Ukraine conflict also lowered demand for Gold, which usually gains from geopolitical tensions. XAU/USD DAILY PRICE CHART SOURCE: TradingView Market participants are currently looking ahead to forthcoming economic indicators, such as flash global PMIs, and also to Fed Chair Jerome Powell’s address at the Jackson Hole Symposium. Investors will be searching for indications on the direction of central bank policy and overall economic environment, which could shape risk sentiment and commodity flows. In the meantime, political events, like US President Trump’s verbal attacks on Fed officials, contribute to an additional layer of uncertainty in the market climate. TECHNICAL ANALYSIS Gold (XAU/USD) is trading at near major support and resistance levels, thus reflecting a conservative market attitude. Short-term support is seen in the vicinity of the $3,312 area, which previously served as a pivot point and assisted in capping downside endeavors. On the positive side, resistance at $3,352–$3,375 represents near-term obstacles that may precipitate a bounce if broken. A continued breakdown below support might pave the way to $3,300 and the lower edge of the range around $3,270–$3,265, while a firm breakout above resistance might lay the ground for additional upside momentum to $3,400 and higher. FORECAST If Gold can hold on to the buying momentum over the near resistance of $3,352, short-covering and fresh buying interest may propel prices towards $3,375 and even breach the $3,400 level. A break above these levels might set up the stage for extended advances to the top edge of the multi-month trading range around $3,434–$3,435, which will be a very bullish phase in XAU/USD. On the negative, a move below the crucial support of $3,312 may provoke technical selling, driving Gold to $3,300. If this resistance level is not maintained, the following key support is close to $3,270–$3,265, which is the lower end of the three-month range. A breakdown there can signal further near-term weakness, adding more pressure to the yellow metal.

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Commodities Gold

Gold Rebounds Ahead of Trump-Zelensky Meeting as Fed Rate Cut Bets Boost Safe-Haven Demand

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  • August 18, 2025
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Gold (XAU/USD) rebounded sharply from a two-week low on Monday, gaining support from retreating US Treasury yields and renewed expectations of a Federal Reserve rate cut in September. The safe-haven metal also attracted buying interest as US President Donald Trump was meeting Ukrainian President Volodymyr Zelensky and some of the most important European leaders to talk of a possible peace deal with Russia. But a weak appreciation in the US Dollar and a general risk-on mood in the global markets might cap the upside momentum, with traders keeping a close eye on future FOMC Minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium for new policy signals. KEY LOOKOUTS • The market is more and more expecting a rate reduction in September, with the CME FedWatch Tool indicating at least two reductions by the end of the year. • Bilateral negotiations and then European discussions of a possible Russia-Ukraine peace agreement are watched by investors for geopolitical signals. • Falling Treasury yields underpin gold, but a modest USD recovery could limit gains. • Traders look to Wednesday’s FOMC Minutes and Powell’s Jackson Hole speech for transparency on the Fed’s short-term policy direction. Gold prices made a sharp rebound from a two-week trough on Monday, underpinned by declining US Treasury yields and increasing hopes of a Federal Reserve rate cut later in September. The yellow metal’s safe-haven demand was additionally fueled by expectations of US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelensky and European leaders to talk about a possible peace agreement with Russia. But a modest recovery for the US Dollar and a broadly positive risk appetite in world markets may cap additional gains for gold, with traders waiting for the next FOMC Minutes and speech from Fed Chair Jerome Powell at the Jackson Hole Symposium for more definitive policy cues. Gold recovered from a two-week low as US bond yields ease and bets on Fed rate cuts boosted demand for the safe-haven metal. Geopolitical events, such as Trump-Zelensky discussions, and future Fed signals will be main motivators for its next direction. • Gold (XAU/USD) recovered more than $30 from a two-week low on Monday. • Falling US Treasury yields and September bets on Fed rate cuts boosted the metal. • CME FedWatch Tool indicates two or more cuts by end-year probability. • Trump-Zelensky summit and European leaders’ negotiations on a peace agreement provided geopolitical boost. • Modest US Dollar strength and risk-on market tone put a lid on additional advance. • Traders look for policy guidance from FOMC Minutes and Powell’s Jackson Hole speech. • Technicals indicate resistance around $3,355-$3,374 and support around $3,324-$3,323. Gold picked up steam at the beginning of the week, tapping strength from declining US Treasury bond yields and increasing optimism that the Federal Reserve will reopen the rate-cutting taps in September. The change in monetary policy expectations has rekindled appetite for the non-yielding precious metal, which is appealing to investors looking for stability. In addition, the planned meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky, followed by further discussions with European leaders on a possible Russia-Ukraine peace accord, has boosted safe-haven demand for gold in the face of heightened geopolitical interest. XAU/USD DAILY PRICE CHART SOURCE: TradingView Meanwhile, recent US economic data have shaped market sentiment. Although retail sales were growing steadily, inflation expectations crept up, indicating persisting price pressures. Consumer confidence, though, softened appreciably, reflecting caution in households regarding the economic environment. It is against this that investors are keenly observing the publication of FOMC Minutes and Fed Chair Jerome Powell’s address at the Jackson Hole Symposium for direction on the speed of monetary loosening that will determine gold’s near-term demand. TECHNICAL ANALYSIS Gold has strongly bounced back from the $3,324–3,323 support level, which coincides with the 61.8% Fibonacci retracement of the July rally. The above 200-period Simple Moving Average (SMA) on the 4-hour chart recovery indicates fresh bullish strength, with the oscillators also shifting into positive territory. A continued advance above the $3,355 level, which is equivalent to the 50% retracement, may set the stage for more gains toward $3,372–3,374 and potentially the $3,400 psychological level. To the negative, near-term support lies in the $3,346 area, with a violation unleashing the $3,300 round number and further losses toward $3,283–3,282. FORECAST If gold is able to hold its recovery above important resistance levels, the momentum may stretch to the $3,372–3,374 range based on Fed rate cut hopes and safe-haven buying in a climate of geopolitical uncertainty. Another push may enable the metal to retake the $3,400 level and even test the monthly high around $3,408–3,410 levels, particularly if bond yields continue to decline and the US Dollar loses ground. Conversely, not breaking above near-term support at $3,346 or a break below $3,324–3,323 support would re-ignite selling pressure. This would expose gold to retesting of the $3,300 psychological barrier, with further losses potentially pushing it down toward $3,283–3,282 and even the end-June swing low around $3,268 should risk appetite firm up and the US Dollar regain momentum.

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Commodities Gold

Gold Price Stays Below Multi-Week High as Trade Tensions Counter Fed Rate Uncertainty

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  • July 14, 2025
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Gold price stays range-bound below a multi-week high as opposing market forces make traders wary. While lowering expectations of an instant Fed rate cut bolster the US Dollar and negate the non-yielding metal, increasing global trade tensions—particularly new US tariff threats against the EU and Mexico—enforce safe-haven buying. Investors are waiting for next US inflation data for more insight into the direction of Fed’s policy, which will determine the next big move of gold. KEY LOOKOUTS • New tariff threats by President Trump on the EU and Mexico boost global risk aversion, fueling demand for safe-haven assets such as gold. • Fading chances of an imminent Fed rate cut favor the US Dollar, limiting gold’s short-term upside potential. • Traders are looking ahead to significant US inflation data (CPI and PPI) this week, which may define speculation surrounding the Fed’s policy direction and determine gold’s next direction. • The downside in gold seems supported around $3,300, while bulls look to retake the $3,400 level, supported by a bullish technical pattern. Gold price is stabilizing below a multi-week high in a tug-of-war between stronger US Dollar and rising global trade tensions. The fading prospects of an imminent Fed rate cut have boosted the greenback, which is holding back the non-yielding bullion. But new US threats of trade against the European Union and Mexico soured market mood, underpinning gold’s safe-haven allure. With investors looking for decisive US inflation data and additional Fed commentary, gold is stuck in a defensive holding position, with limited downside risk and scope for renewed upside momentum. Gold price trades defensively below recent highs with lower bets on Fed rate cuts underpinning the US Dollar. But increasing trade tensions maintain demand for the safe-haven metal. Investors are awaiting US inflation data for firmer guidance. • Gold price consolidates below a multi-week high, weighed down by improved US Dollar performance. • Lower probability of an imminent Fed rate cut aids the greenback and caps gold’s upside. • US President Trump’s threats to impose tariffs on the EU and Mexico increase global trade tensions and spike safe-haven demand. • Market sentiment remains weak, with investors on edge amid contradictory economic signals. • Near-term US CPI and PPI data are important for determining expectations about the Fed’s next move. • Technical support perceived around $3,300, with bulls looking for a possible move towards $3,400. • FOMC minutes indicate concerns about inflation, supporting speculation of delayed monetary easing. Gold continues to be in the spotlight as a safe-haven asset in a complicated mix of global economic and political developments. The most recent driver has been renewed tensions in trade, ignited by the threat of 30% tariffs on goods from the European Union and Mexico by US President Donald Trump. These declarations have shaken investor confidence, supplemented by an already risk-averse market climate. Consequently, demand for gold—historically regarded as a hedge against uncertainty—has been sustained despite headwinds from other economic influences. XAU/USD DAILY PRICE CHART SOURCE: TradingView Meanwhile, market participants are carefully watching signs from the US Federal Reserve on its monetary policy direction. Although there are still some officials worried about ongoing inflation, the general tone is one of no rush to cut rates immediately. This has supported the US Dollar and created uncertainty around the direction of gold. Meanwhile, investors are waiting for important US inflation readings this week, which are most likely to shape future Fed actions and set the general tone in the wider markets. TECHNICAL ANALYSIS Gold price recently crossed above the 100-period Simple Moving Average (SMA) on the 4-hourly chart and broke through the important $3,358–$3,360 resistance area, indicating bullish momentum. Bullish oscillators on both hourly and daily horizons indicate that the metal may resume its uptrend, with the next target at around the psychological $3,400 level. On the downside, near-term support is at about the $3,300 mark, followed by the $3,283–$3,282 range. A prolonged break below those levels may leave the metal vulnerable to a more significant pullback towards the July swing low around $3,248. FORECAST If safe-haven demand continues to build with rising trade tensions and global uncertainty, gold is set to retake higher ground. A sustained break above the $3,360 level could set the stage for a test of the psychological $3,400 level. Additional bullish pressure could be fueled by weak US inflation data or dovish Fed commentary, sending gold to fresh multi-week highs in the near term. Conversely, if future US economic indicators surprise on the upside and corroborate the argument against near-term rate cuts, the US Dollar can continue to appreciate further, putting downward pressure on gold prices. A fall below the critical $3,300 support level could initiate more selling pressure, sending the metal lower to the $3,283–$3,282 area. A clear cut-through of this level may expose gold to additional risk of decline, potentially stretching down to the $3,248–$3,247 support level.

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Commodities Gold

Gold Prices Rally Near Two-Week High as USD Weakens on US Fiscal Worries and Global Geopolitical Risks

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  • May 22, 2025
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Gold prices rallied to a near two-week high, holding above $3,300, as a weakening US dollar combined with rising fiscal worries in the US. Investor concern over growing US deficit, amid Moody’s recent downgrade of the nation’s sovereign credit rating and divisive tax bill, has dented dollar confidence. Fears of renewed US-China trade tensions and rising geopolitical threats, such as simmering Middle Eastern conflicts, have further fueled demand for gold as a haven asset. Technical indicators further indicate a positive outlook for gold, with the price breaking key resistance levels and ready to test higher targets in the near term. KEY LOOKOUTS •  Investors will watch closely what happens with the US tax-cut and spending bill, which could dramatically add to the national debt and affect market sentiment. •  Bets on additional Fed interest rate cuts in 2025 in response to weakening growth and softening inflation continue to be a key driver of the US dollar and gold prices. • Disputes over export controls and technology restrictions linger, potentially raising geopolitical risks, and underpinning gold’s safe-haven appeal. • Ongoing tensions in the Middle East and major-power rivalries between countries such as Russia are also fueling uncertainty, underscoring gold’s use as a defensive asset. Investors are watching closely as the evolving US fiscal situation plays out, with the approval of a large tax-cut and spending measure risking expansion of the national debt and dampening market sentiment. While that is on its way out, expectations the Federal Reserve will cut interest rates again in 2025 as the economy slows and inflation eases continue to weigh on the US dollar, supporting gold’s allure. Increased tensions in US-China trade relations, specifically on tech exports, provide another source of geopolitical uncertainty, supporting safe-haven purchases. Furthermore, continued unrest in the Middle East and tensions among world powers maintain uncertainty, adding to gold’s role as a sanctuary in uncertain times. Markets continue to be preoccupied with US fiscal woes and possible Fed rate reductions, which are depressing the dollar and bolstering gold prices. Increased US-China trade tensions and continued geopolitical unrest continue to fuel safe-haven demand for the metal. • Gold prices went higher for the fourth straight day to set a near two-week peak of more than $3,300. • The US dollar is weak because of increasing fiscal fears and anticipations of Federal Reserve rate reductions in 2025. • Moody’s reduction of the US sovereign credit rating and concerns regarding the widening US deficit overhang market sentiment. •  The Republican-sponsored tax-cut and spending package may add trillions to the US debt, yet another reason for concern. •  Resurgent US-China trade tensions, particularly on the export of advanced technology, are amplifying geopolitical risks. •  Middle Eastern conflicts and tense international relations remain strong fundamentals for the demand for gold. •  Technical analysis indicates a bullish trend for gold, as prices break resistance levels and head towards $3,365 and further to $3,400. Gold prices have continued to climb as a background of increasing economic and geopolitical risks. Concerns among investors regarding the fiscal health of the United States are still at the forefront, particularly in the wake of Moody’s recent downgrade of the US sovereign credit rating. The threat of the passage of a large tax-cut and spending measure, which will add trillions to the national debt, has further spooked markets. Further, the US dollar has lost strength on expectations that the Federal Reserve will reduce interest rates in 2025 as economic growth slows and inflation eases. This pairing has made gold a more attractive safe-haven asset. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Simultaneously, escalating US-China tensions over the export of technologies have fueled geopolitical risks, underpinning a risk-averse market mood. Middle Eastern conflicts, such as ongoing military interventions and humanitarian issues, provide another source of uncertainty, prompting investors to find shelter in gold. As several sources of risk coalesce, gold remains in favor with buyers in search of stability in a context of economic and political uncertainty. TECHNICAL ANALYSIS Gold has shown robust bullish strength, powering past major resistance levels of $3,250-$3,255 and holding above the 61.8% Fibonacci level of its latest bear move. Daily chart oscillators are becoming increasingly positive, implying upward trend momentum and that the direction of least resistance still is to the upside. This technical resilience is indicative of further advances toward the $3,365 area and even toward the $3,400 level, as long as the price remains above key support levels around $3,300. But any meaningful break below support might attract selling pressure, pushing lower levels of $3,250 and $3,200. FORECAST Gold prices are set to maintain their ascending direction as long as they remain above major support levels of $3,300. Favorable momentum and robust safe-haven demand fueled by continuing geopolitical tensions and US fiscal worries would propel prices to the next resistance level of $3,365. A break below this level would see gold challenging the psychologically important $3,400 level, boosted by continuing US dollar weakness and hopes of additional Federal Reserve rate cuts. On the flip side, inability to find support near the $3,300 level could pave the way for a corrective pullback. Sellers could engage near $3,255 if gold drops below $3,285. Yet a clear break below this support level may result in additional technical selling, pushing prices to the $3,200 level. Such a situation could occur if risk appetite upgrades considerably or if US economic reports lower expectations for monetary easing.

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