{"id":36677,"date":"2026-01-22T04:16:02","date_gmt":"2026-01-22T04:16:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=36677"},"modified":"2026-01-22T04:16:02","modified_gmt":"2026-01-22T04:16:02","slug":"gold-retreats-from-record-levels","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-retreats-from-record-levels\/","title":{"rendered":"Gold Retreats From Record Levels"},"content":{"rendered":"\n<p>Gold (XAUUSD) eased back to around 4,801.59, falling 0.57% on the day, as short-term downside momentum emerged after prices failed to hold above the 4,888.50 resistance area.<\/p>\n\n\n\n<p>The retracement followed a modest improvement in global risk sentiment after US President Donald Trump stepped away from earlier tariff threats towards Europe, which had been linked to Greenland.<\/p>\n\n\n\n<p>Trump indicated that negotiations were close to a resolution and explicitly ruled out the use of force. This helped calm fears of military escalation, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-21\/gold-falls-after-trump-backs-away-from-tariffs-over-greenland?taid=697168e77707d00001121159&amp;utm_campaign=trueanthem&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter\" target=\"_blank\" rel=\"noopener\" title=\"\">reduced demand for safe-haven assets<\/a>, and prompted profit-taking after gold\u2019s strong rally earlier in the week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Geopolitical Risks Linger Beneath the Surface<\/h2>\n\n\n\n<p>Although headline tensions have eased, uncertainty has not disappeared entirely. European lawmakers have delayed approval of the EU\u2013US trade agreement reached in July, keeping trade-related risks in focus and limiting the extent of the unwind in defensive positions.<\/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\">BREAKING: The European Parliament suspended work on a trade deal between the 27-member bloc and the US following Trump&#39;s repeated requests to take control over Greenland, a semi-autonomous Danish territory <a href=\"https:\/\/t.co\/BM2ehMpVY1\">https:\/\/t.co\/BM2ehMpVY1<\/a> <a href=\"https:\/\/t.co\/stAMsXaEY6\">pic.twitter.com\/stAMsXaEY6<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2013998520479482002?ref_src=twsrc%5Etfw\">January 21, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, a sharp sell-off in Japanese government bonds, driven by election-related tax cut pledges, has reignited concerns over fiscal sustainability.<\/p>\n\n\n\n<p>Together, these factors have maintained a baseline level of safe-haven demand, helping to cap downside follow-through in gold despite the broader easing in geopolitical risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Attention Turns To US Inflation Data<\/h2>\n\n\n\n<p>Market focus now shifts to the delayed US PCE inflation report, due later today.<\/p>\n\n\n\n<p>As the Federal Reserve\u2019s preferred inflation measure, the release is likely to influence short-term expectations around monetary policy and real yields, both of which are key drivers for gold prices.<\/p>\n\n\n\n<p>A softer reading could help stabilise bullion following the recent pullback, while an upside surprise may reinforce the current consolidation as markets reassess the timing and scale of potential rate cuts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The slide towards 4,756.01 represented a sharp corrective move, although it was followed by a brief recovery attempt. Even so, prices remain capped below the 20- and 30-day moving averages, pointing to ongoing downside pressure.<\/p>\n\n\n\n<p>Trading volume increased during the latest decline, suggesting a pickup in selling interest.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/01\/xauusd-22-jan.jpeg\" alt=\"\" class=\"wp-image-36679\" \/><\/figure><\/div>\n\n\n<p>Unless buyers can quickly reclaim the 4,820\u20134,840 region, gold may remain exposed to further weakness, particularly if risk appetite improves or yields move higher.<\/p>\n\n\n\n<p>In the near term, the technical structure remains fragile. Support is seen around 4,750, while recovery attempts are likely to encounter resistance near 4,850.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarketsmy.com\/trade-now\/\" target=\"_blank\" rel=\"noreferrer noopener\">Open your live VT Markets account\u00a0<\/a><\/strong>and<strong><a href=\"https:\/\/myaccount.vtmarketsmy.com\/login\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0start trading today.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold (XAUUSD) eased back to around 4,801.59, falling 0.57% on the day, as short-term downside momentum emerged after prices failed to hold above the 4,888.50 resistance area. The retracement followed a modest improvement in global risk sentiment after US President Donald Trump stepped away from earlier tariff threats towards Europe, which had been linked to <a href=\"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-retreats-from-record-levels\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":92,"featured_media":48119,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-36677","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\/36677","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=36677"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/36677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/48119"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=36677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=36677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=36677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}