{"id":19718,"date":"2025-04-02T06:53:05","date_gmt":"2025-04-02T06:53:05","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=19718"},"modified":"2025-04-02T06:53:05","modified_gmt":"2025-04-02T06:53:05","slug":"gold-holds-post-historic-rally-ahead-of-tariff-update","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-holds-post-historic-rally-ahead-of-tariff-update\/","title":{"rendered":"Gold Holds Post Historic Rally Ahead of Tariff Update"},"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-ca\/wp-content\/uploads\/sites\/13\/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>Gold (XAUUSD) prices hover around $3,116 per ounce.<\/li>\n\n\n\n<li>Bullion surged 19% in the first quarter of 2025.<\/li>\n\n\n\n<li>Markets await President Trump&#8217;s tariff announcement as gold&#8217;s powerful rally continues amid tariff uncertainty.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Gold Prices Hover Near $3,116 as Markets Await Trump\u2019s Tariff Decision<\/h2>\n\n\n\n<p>Gold (XAUUSD) prices eased slightly on Wednesday morning, trading near $<strong>3,116 <\/strong>per ounce, as the <strong>deadline for President Donald Trump\u2019s <a href=\"https:\/\/www.msn.com\/en-us\/politics\/government\/trump-is-set-to-announce-reciprocal-tariffs-in-a-risky-move-that-could-reshape-the-economy\/ar-AA1C7xDk?ocid=BingNewsSerp\">reciprocal tariffs<\/a> approached<\/strong>. Market participants are anxiously awaiting the president\u2019s announcement on tariffs, which could have significant implications for global trade. <\/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\">Global investors are close to getting some clarity on the Trump administration&#39;s tariff plans, but with little detail on what to expect, financial markets remain on edge <a href=\"https:\/\/t.co\/SsSYKRWaEN\">https:\/\/t.co\/SsSYKRWaEN<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1907312064713863204?ref_src=twsrc%5Etfw\">April 2, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Gold traders, in particular, are defensive as they prepare for the potential impact of tariffs, including speculation over whether gold itself will be subject to them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Gold\u2019s Historic Rally Continues Amid Uncertainty<\/h2>\n\n\n\n<p>The precious metal has seen a <strong>meteoric rise in the first quarter<\/strong> of 2025, surging by 19%. This is reminiscent of the last major rally in gold prices, which occurred in 1986. With central banks, investment funds, pension funds, and retail traders all buying up bullion, <strong>gold reached an all-time high of $3,148.97<\/strong> per ounce. <\/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\">Gold prices surged past $3,100 per ounce to a fresh record high, as worries about potential inflation pressures due to US tariffs put the safe-haven asset on track for its strongest quarter since 1986 <a href=\"https:\/\/t.co\/oCWWb9PwXZ\">https:\/\/t.co\/oCWWb9PwXZ<\/a> <a href=\"https:\/\/t.co\/Ph0JyP6ilr\">pic.twitter.com\/Ph0JyP6ilr<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1906723158717325456?ref_src=twsrc%5Etfw\">March 31, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The surge comes at a time when traders are <strong>flocking to safe-haven assets<\/strong>, driven by concerns about the global economy and trade tensions. On April 1, gold hit a new high of $3,150, marking its <strong>18th record high of 2025<\/strong>. However, the price quickly reversed, and by early Wednesday, it had settled near $<strong>3,116 <\/strong>per ounce. <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis and Market Outlook<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/2.4_2-1024x450.jpg\" alt=\"\" class=\"wp-image-19738\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: XAUUSD tests resistance at 3135.69 after recent rally from 3100.89, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>XAUUSD increased by <strong>0.09<\/strong>%, closing at <strong>3116.47 <\/strong>after opening at <strong>3113.81<\/strong>. The session saw a high of <strong>3135.69 <\/strong>before retracing, settling slightly below the session&#8217;s high.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) suggest a continuation of bullish momentum, with the short-term MAs above the longer-term averages, indicating an overall positive price trend. However, the MACD (12,26,9) is starting to show signs of weakening momentum, as the histogram shrinks, and the MACD line (blue) approaches the signal line (yellow). This could indicate a potential consolidation or short-term reversal.<\/p>\n\n\n\n<p>Key levels to monitor include <strong>3135.69<\/strong> as resistance and <strong>3100.89 <\/strong>as support. A break above the resistance may lead to further upside, while a move below support could signal a bearish retracement or downward momentum.<\/p>\n\n\n\n<p>The market remains on edge, with traders awaiting President Trump\u2019s tariff update, which could influence the direction of gold in the coming days.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold steadies near $3,116 as traders await Trump\u2019s tariff update, following a 19% rally in Q1 2025. -vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":19737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-19718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/19718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=19718"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/19718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/19737"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=19718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=19718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=19718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}