{"id":29312,"date":"2025-08-20T09:25:12","date_gmt":"2025-08-20T09:25:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=29312"},"modified":"2025-08-20T09:25:12","modified_gmt":"2025-08-20T09:25:12","slug":"gold-holds-steady-as-traders-await-fed-guidance","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-holds-steady-as-traders-await-fed-guidance\/","title":{"rendered":"Gold Holds Steady as Traders Await Fed Guidance"},"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\/download-141-1-1024x559.png\" alt=\"\" class=\"wp-image-19737\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold trades at <strong>$3,331.49<\/strong>, little changed, with futures down <strong>0.1%<\/strong> at <strong>$3,375.40<\/strong>.<\/li>\n\n\n\n<li>Markets price an <strong>84%<\/strong> chance of a September 25bp Fed cut ahead of Powell\u2019s Jackson Hole remarks.<\/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 were steady on Tuesday, with traders holding back ahead of the Federal Reserve\u2019s annual symposium in Wyoming later this week. Fed Chair Jerome Powell is due to speak between August 21\u201323, and markets are searching for signals on the pace and depth of future easing.<\/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\">With Fed Chair Jerome Powell due to speak on the economic outlook and the central bank&#39;s policy framework at the Jackson Hole symposium, economist Vicky Pryce from CEBR explains why she expects a softer talk from Powell <a href=\"https:\/\/t.co\/5ca0091vZE\">https:\/\/t.co\/5ca0091vZE<\/a> <a href=\"https:\/\/t.co\/aVYLrwZOGd\">pic.twitter.com\/aVYLrwZOGd<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1957507789733138455?ref_src=twsrc%5Etfw\">August 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to CME FedWatch, traders now assign an <strong>84%<\/strong> probability of a 25-basis-point cut at the September meeting.<\/p>\n\n\n\n<p>Cross-border conflicts added another layer, as US President Donald Trump reassured Ukraine\u2019s Volodymyr Zelenskiy that Washington would help <a href=\"https:\/\/t.co\/ti30y2VLuc\" target=\"_blank\" rel=\"noopener\" title=\"\">guarantee Kyiv\u2019s security<\/a> in any settlement with Russia.<\/p>\n\n\n\n<p>That came after Trump\u2019s meeting with Vladimir Putin in Alaska, which ended without an agreement but set the stage for <a href=\"https:\/\/t.co\/hoyuLU4rZa\" target=\"_blank\" rel=\"noopener\" title=\"\">direct talks between the Russian and Ukrainian<\/a> leaders. Analysts warned that a breakthrough deal could weigh on gold, stripping away part of its geopolitical risk premium.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (XAU\/USD) rallied strongly earlier in the year from around 2,660 to its April peak of 3,500, but since then price action has flattened into a prolonged consolidation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/1_image-11.jpg\" alt=\"\" class=\"wp-image-29313\" \/><\/figure>\n\n\n\n<p>For the past few months, the metal has traded sideways between roughly 3,250 and 3,400, with the moving averages clustering together and showing little directional bias. The MACD is also flat near the zero line, reflecting the lack of momentum and the indecisive tone in the market.<\/p>\n\n\n\n<p>Near-term resistance remains at 3,400\u20133,500, and a breakout above could re-establish bullish momentum toward new highs. On the downside, support lies around 3,250, with further risk down to 3,150 if that floor breaks.<\/p>\n\n\n\n<p>Until then, gold is likely to remain range-bound, with traders watching macro cues like US inflation data and central bank signals for the next catalyst.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If Powell signals more aggressive easing, gold could test <strong>$3,400<\/strong> and move toward the <strong>$3,500<\/strong> ceiling. Conversely, hawkish undertones or credible signs of a Russia-Ukraine deal could pressure prices lower, putting <strong>$3,300<\/strong> back in play.<\/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> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XAU\/USD consolidates near $3,338 as traders look to Powell\u2019s speech and Ukraine peace efforts for fresh direction. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":19737,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-29312","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\/29312","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=29312"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/29312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/19737"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=29312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=29312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=29312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}