{"id":24615,"date":"2025-06-18T08:55:38","date_gmt":"2025-06-18T08:55:38","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=24615"},"modified":"2025-06-18T08:55:38","modified_gmt":"2025-06-18T08:55:38","slug":"gold-trades-cautiously-ahead-of-fed-verdict","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-trades-cautiously-ahead-of-fed-verdict\/","title":{"rendered":"Gold Trades Cautiously Ahead of Fed Verdict"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/gold10-1024x559.png\" alt=\"\" class=\"wp-image-16983\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold eases 0.1% to $3,386.79 ahead of the Fed\u2019s rate guidance<\/li>\n\n\n\n<li>Ongoing Israel-Iran strikes keep a geopolitical floor under prices<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Gold prices retreated slightly on Wednesday, with spot gold down 0.1% at $3,386.79 an ounce and U.S. gold futures easing 0.1% to $3,405.10 as of 0805 GMT. The market adopted a cautious tone ahead of the U.S. Federal Reserve\u2019s policy announcement later today, as traders refrained from large directional bets in anticipation of Chair Jerome Powell\u2019s forward guidance.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Central banks forecast more gold purchases, fewer US dollar reserves in years ahead <a href=\"https:\/\/t.co\/vMGCTRq3m1\">https:\/\/t.co\/vMGCTRq3m1<\/a> by <a href=\"https:\/\/twitter.com\/ines_ferre?ref_src=twsrc%5Etfw\">@ines_ferre<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1935015423512072504?ref_src=twsrc%5Etfw\">June 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Market consensus widely expects the Fed to hold rates steady at this meeting, but traders are positioning for <a href=\"https:\/\/t.co\/VOytxcKX2r\">any potential dovish <\/a><a href=\"https:\/\/t.co\/VOytxcKX2r\" target=\"_blank\" rel=\"noopener\" title=\"\">h<\/a><a href=\"https:\/\/t.co\/VOytxcKX2r\">ints<\/a> that could set the stage for rate cuts later this year. The Federal Open Market Committee\u2019s statement and Powell\u2019s remarks will be closely scrutinised for any change in tone, especially after recent inflation readings showed mild deceleration.<\/p>\n\n\n\n<p><a href=\"https:\/\/t.co\/GTOKbyWZPd\" target=\"_blank\" rel=\"noopener\" title=\"\">Equity sentiment showed modest optimism<\/a>, with S&amp;P 500 futures rising 0.2% and Nasdaq futures gaining 0.3% in early trade, capping demand for the safe-haven metal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (XAUUSD) has spent the last 36 hours in a <strong>tight, indecisive range<\/strong>, closing at <strong>3384.35<\/strong> after opening at 3390.47\u2014reflecting a modest <strong>-0.18% dip<\/strong>. The 15-minute chart shows <strong>choppy, sideways price action<\/strong> with multiple failed attempts to break above the 3400 level and repeated rebounds off the <strong>3366.22 support zone<\/strong>, confirming the current consolidation range between <strong>3366 and 3400<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-20-1024x442.jpg\" alt=\"\" class=\"wp-image-24616\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold holds steady above key 3366 support, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>From a technical standpoint, the <strong>MACD<\/strong> has been <strong>oscillating around the zero line<\/strong>, reflecting the lack of trend conviction. There\u2019s been a series of alternating bullish and bearish histogram bars, and neither momentum nor volume has signaled a strong breakout attempt. The absence of a visible moving average (MA) overlay in this chart might limit further clarity, but the price action clearly shows lower highs and higher lows forming a potential wedge.<\/p>\n\n\n\n<p>This consolidation reflects <a href=\"https:\/\/t.co\/LCRyXcImOq\" target=\"_blank\" rel=\"noopener\" title=\"\">market hesitancy ahead of upcoming Fed speakers<\/a> and U.S. macro data due later this week, including <a href=\"https:\/\/t.co\/qouE0jdfPe\" target=\"_blank\" rel=\"noopener\" title=\"\">jobless claims<\/a> and flash PMI. Gold typically moves in response to interest rate expectations, and with inflation data softening, markets are watching closely for any dovish shift that could reignite safe-haven demand.<\/p>\n\n\n\n<p>Looking ahead, markets will take cues from the Fed\u2019s tone on inflation and growth risks. Any acknowledgement of downside risks stemming from tariffs or global conflict could give gold renewed momentum. For now, gold remains in a holding pattern\u2014stabilised by geopolitics, but hesitant under the shadow of monetary policy.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices dip slightly as traders await the Fed\u2019s policy decision, with risk appetite and Middle East instability shaping market direction. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-24615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24615","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=24615"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16983"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=24615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=24615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=24615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}