{"id":38339,"date":"2026-01-06T14:09:01","date_gmt":"2026-01-06T06:09:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=38339"},"modified":"2026-01-06T14:09:01","modified_gmt":"2026-01-06T06:09:01","slug":"gold-trades-above-4450-as-risk-off-sentiment-builds","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-trades-above-4450-as-risk-off-sentiment-builds\/","title":{"rendered":"Gold Trades Above $4,450 as Risk-Off Sentiment Builds"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/Gold-Risk-Sentiments-1024x576.jpg\" alt=\"Gold in the centre with analysis on it.\" class=\"wp-image-38340\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold price climbs above $4,450 in Tuesday\u2019s early Asian session.<\/li>\n\n\n\n<li>Geopolitical flashpoints and the Fed\u2019s monetary easing cycle support the Gold price.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Spot gold trades above the <strong>$4,450<\/strong> mark on Monday, posting strong daily gains amid broad US dollar weakness. The metal was supported early in the session by ongoing global tensions, before extending its advance following softer-than-expected US economic data.<\/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 steadied, as traders looked beyond tensions in Venezuela toward a busy lineup of economic data in the US <a href=\"https:\/\/t.co\/3BXRUJNin0\">https:\/\/t.co\/3BXRUJNin0<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2008319205666443479?ref_src=twsrc%5Etfw\">January 5, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Markets reacted on Saturday after reports emerged that US President Donald Trump authorised an operation in Venezuela that led to the capture of President Nicol\u00e1s Maduro and his wife, who were taken to the US to face charges including narco-terrorism. The development fuelled global uncertainty and lifted demand for safe-haven metal as caution prevailed.<\/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\">Venezuela&#39;s Maduro arrives at federal courthouse in New York <a href=\"https:\/\/t.co\/NcU1sdZaAj\">https:\/\/t.co\/NcU1sdZaAj<\/a> <a href=\"https:\/\/t.co\/NcU1sdZaAj\">https:\/\/t.co\/NcU1sdZaAj<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2008337765214130251?ref_src=twsrc%5Etfw\">January 6, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">US ISM PMI Data Weakens The Dollar<\/h2>\n\n\n\n<p>Early in the US session, the dollar came under pressure after the December <strong>ISM Manufacturing PMI<\/strong> missed expectations. The index fell to <strong>47.9<\/strong>, below the forecast <strong>48.3<\/strong> and November\u2019s <strong>48.2<\/strong>. While the Employment Index edged up to <strong>44.9<\/strong> from <strong>44<\/strong>, the Prices Paid Index, a gauge of inflation, was unchanged at <strong>58.5<\/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\">US manufacturing activity shrank in December by the most since 2024, capping a rough year for American factories <a href=\"https:\/\/t.co\/8TDFZ6lEUo\">https:\/\/t.co\/8TDFZ6lEUo<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2008194506781290954?ref_src=twsrc%5Etfw\">January 5, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Technical Analysis<\/h2>\n\n\n\n<p>Gold has rebounded strongly from the <strong>$4,350 support level<\/strong> and is now moving towards the previous <strong>all-time high at $4,550.<\/strong> The moving averages on the chart are beginning to align with a bullish trend, signalling strong upward momentum in gold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/codeYTMwMTMyY2E3YWQyZGQ3ZDhiOGQwMThlYzY5NTU2MzJfbUw2UFRUY3JGZGpycXU5MWtpWE52dUVudVU5am9YeXRfVG9rZW46Sk9GYWJwSTlib3NFa2l4OWJXc2xsRDFqZ3hjXzE3Njc2Nzk1MDY6MTc2NzY4MzEwNl9WNA.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p>The MACD signal line has also turned positive,<strong> trading above the 50 level<\/strong>, while the histogram is showing <strong>solid bullish bars<\/strong>. With multiple indicators aligned for long opportunities, traders should nevertheless remain cautious ahead of <strong>Friday\u2019s US Non<\/strong><strong> F<\/strong><strong>arm Payrolls (NFP) release<\/strong>, as stronger-than-expected data could support the US dollar and alter the current trend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cautious Outlook as Non Farm Payroll Awaits<\/h2>\n\n\n\n<p>Attention now turns to Friday\u2019s US December jobs report. The economy is expected to add 55,000 jobs, with the unemployment rate seen edging down to <strong>4.5%<\/strong>. A stronger-than-expected reading could lend support to the US dollar and weigh on dollar-priced commodities in the near term.<\/p>\n\n\n\n<p><strong>Learn more about <\/strong><strong><a href=\"https:\/\/www.vtmarkets.com\/markets\/\">trading<\/a><\/strong><strong> on <\/strong><strong><a href=\"http:\/\/www.vtmarkets.com\/trade-now\">VT Markets<\/a><\/strong><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold price rises above $4,450 during the early Asian session on Tuesday. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":5,"featured_media":38340,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6,81],"class_list":["post-38339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold","tag-usd"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38339","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=38339"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/38340"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=38339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=38339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=38339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}