{"id":18313,"date":"2025-04-29T09:19:31","date_gmt":"2025-04-29T09:19:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=18313"},"modified":"2025-04-29T09:19:31","modified_gmt":"2025-04-29T09:19:31","slug":"gold-retreats-as-dollar-gains-momentum","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-retreats-as-dollar-gains-momentum\/","title":{"rendered":"Gold Retreats As Dollar Gains Momentum"},"content":{"rendered":"\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold futures dipped\u00a00.5% to $3,332.40\u00a0per ounce.<\/li>\n\n\n\n<li>Traders pivot to updates on US trade negotiations with\u00a017 partners (excluding China).<\/li>\n\n\n\n<li>A stronger US dollar\u00a0pressures bullion, curbing its short-term appeal.<\/li>\n\n\n\n<li>Long-term outlook remains supported by\u00a0market instability,\u00a0ETF inflows, and\u00a0central bank buying.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices softened during Monday&#8217;s session, with XAU\/USD settling near\u00a0$3,320 after failing to hold intraday highs above $3,348. The pullback reflects two key developments.<\/p>\n\n\n\n<p>First is the temporary ease in tensions due to the US&#8217;s engagement with 17 trade partners, excluding China. Second, the <a href=\"https:\/\/www.reuters.com\/markets\/global-markets-wrapup-1-2025-04-29\/?taid=6810790aae6d0200017ede0c&amp;utm_campaign=trueAnthem:+Trending+Content&amp;utm_medium=trueAnthem&amp;utm_source=twitter\" target=\"_blank\" rel=\"noopener\" title=\"\">greenback&#8217;s rally <\/a>has made gold more expensive for international buyers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Technical Perspective<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"331\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1.jpeg\" alt=\"\" class=\"wp-image-18314\" style=\"width:1000px\" srcset=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1.jpeg 768w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1-300x129.jpeg 300w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1-500x215.jpeg 500w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1-400x172.jpeg 400w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1-350x151.jpeg 350w, https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2025\/04\/image-48-768x331-1-200x86.jpeg 200w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\"><em>Gold extends losses below short-term averages as downside pressure lingers, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<p>Gold extends losses below short-term averages as downside pressure lingers, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/p>\n\n\n\n<p>The 15-minute chart shows gold struggling below key moving averages (5,10,30), confirming short-term bearish control. Key levels to watch:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support:\u00a0$3,305.20 (defence zone for buyers).<\/li>\n\n\n\n<li>Next Support:\u00a0$3,280 &#8211; $3,265 if breakdown occurs.<\/li>\n\n\n\n<li>Momentum:\u00a0MACD shows bearish bias but hints at slowing selling pressure.<\/li>\n<\/ul>\n\n\n\n<p>While the immediate trend favours sellers, oversold conditions suggest potential for consolidation near current levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Long-Term Outlook<\/h2>\n\n\n\n<p>Despite the short-term pullback,\u00a0gold remains up over 25% year-to-date, largely driven by\u00a0volatile US policy shifts, trade friction, and a fragile macroeconomic backdrop. ING notes that\u00a0<a href=\"https:\/\/t.co\/WcfbjVhM8f\" target=\"_blank\" rel=\"noopener\" title=\"\">gold ETF inflows\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.gold.org\/goldhub\/gold-focus\/2025\/04\/weekly-markets-monitor-and-breathe\" target=\"_blank\" rel=\"noopener\" title=\"\">central bank reserves accumulation<\/a>\u00a0continue to provide robust demand undercurrents.<\/p>\n\n\n\n<p>Moreover, extended uncertainty around\u00a0US-China trade relations with\u00a0broader economic instability is expected to reinforce gold\u2019s value as a longer-term hedge.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a>\u00a0<\/strong>and<strong>\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a>\u00a0<\/strong>now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points: Gold prices softened during Monday&#8217;s session, with XAU\/USD settling near\u00a0$3,320 after failing to hold intraday highs above $3,348. The pullback reflects two key developments. First is the temporary ease in tensions due to the US&#8217;s engagement with 17 trade partners, excluding China. Second, the greenback&#8217;s rally has made gold more expensive for international <a href=\"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-retreats-as-dollar-gains-momentum\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":92,"featured_media":18314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-18313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/18313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=18313"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/18313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/18314"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=18313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=18313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=18313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}