{"id":21251,"date":"2025-04-29T08:31:37","date_gmt":"2025-04-29T08:31:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=21251"},"modified":"2025-04-29T08:31:37","modified_gmt":"2025-04-29T08:31:37","slug":"gold-pulls-back-as-dollar-strengthens","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-pulls-back-as-dollar-strengthens\/","title":{"rendered":"Gold Pulls Back as Dollar Strengthens"},"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 futures dipped <strong>0.5% to $3,332.40<\/strong> per ounce.<\/li>\n\n\n\n<li>Traders pivot to updates on U.S. trade negotiations with <strong>17 partners (excluding China)<\/strong>.<\/li>\n\n\n\n<li><strong>Stronger U.S. dollar<\/strong> pressures bullion, curbing its short-term appeal.<\/li>\n\n\n\n<li>Long-term outlook remains supported by <strong>market instability<\/strong>, <strong>ETF inflows<\/strong>, and <strong>central bank buying<\/strong>.<\/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 declined on Monday as investor demand for immediate safe-haven exposure eased in response to shifting geopolitical headlines. <strong>XAUUSD<\/strong> settled near <strong>$3,320<\/strong>, down roughly <strong>0.5%<\/strong>, after touching an intraday high of <strong>$3,348.56<\/strong>.<\/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 edged lower ahead of key economic data this week that could offer some insights into the impacts of Trump\u2019s trade war <a href=\"https:\/\/t.co\/7zMngF94dp\">https:\/\/t.co\/7zMngF94dp<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1917017442779357418?ref_src=twsrc%5Etfw\">April 29, 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 move comes amid renewed optimism around U.S. trade negotiations\u2014this time not with China, but with <strong><a href=\"https:\/\/t.co\/PMUo4OyjhR\">17 international partners<\/a><\/strong>. According to analysts at ING, the absence of China from the current negotiation slate may temporarily ease tensions and encourage risk appetite, leading to outflows from defensive assets like gold.<\/p>\n\n\n\n<p>Adding pressure is the <strong><a href=\"https:\/\/t.co\/AYUSlhWBVS\">strengthening U.S. dollar<\/a><\/strong>, which makes gold more expensive for foreign buyers while enhancing the greenback\u2019s role as a competing safe-haven instrument.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Snapshot<\/h2>\n\n\n\n<p><strong>Gold (XAUUSD)<\/strong> is under <strong>renewed pressure<\/strong>, with price slipping from the <strong>3353.06<\/strong> high toward the current level around <strong>3320.40<\/strong>. The <strong>moving averages (5, 10, 30)<\/strong> have turned lower, confirming a <strong>short-term bearish crossover<\/strong>. Sellers remain in control for now, keeping price below the descending short-term MAs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-48-1024x442.jpg\" alt=\"\" class=\"wp-image-21252\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold extends losses below short-term averages as downside pressure lingers, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The <strong>MACD<\/strong> momentum shows a widening negative histogram, though recent bars hint at <strong>slowing downside momentum<\/strong>. If buyers can defend the <strong>3305.20<\/strong> support region, a corrective bounce could follow. Otherwise, risks lean toward a deeper pullback toward the <strong>3280\u20133265<\/strong> zone.<\/p>\n\n\n\n<p><strong>Immediate bias remains bearish<\/strong>, but conditions are becoming slightly oversold on the 15m chart.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Long-Term Outlook<\/h2>\n\n\n\n<p>Despite the short-term pullback, <strong>gold remains up over 25% year-to-date<\/strong>, largely driven by <strong>volatile U.S. policy shifts<\/strong>, trade friction, and a fragile macroeconomic backdrop. ING notes that <strong><a href=\"https:\/\/t.co\/WcfbjVhM8f\">gold ETF inflows <\/a><\/strong>and <strong><a href=\"https:\/\/www.gold.org\/goldhub\/gold-focus\/2025\/04\/weekly-markets-monitor-and-breathe\">central bank reserves accumulation<\/a><\/strong> continue to provide robust demand undercurrents.<\/p>\n\n\n\n<p>Moreover, extended uncertainty around <strong>U.S.-China trade relations<\/strong>, combined with <strong>broader economic instability<\/strong>, 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\/\">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 retreats from recent highs as easing safe-haven demand and a firmer U.S. dollar weigh on sentiment. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"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-21251","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\/21251","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=21251"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/21251\/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=21251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=21251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=21251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}