{"id":44668,"date":"2026-01-13T18:43:32","date_gmt":"2026-01-13T10:43:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=38995"},"modified":"2026-01-13T18:43:32","modified_gmt":"2026-01-13T10:43:32","slug":"gold-pauses-after-record-run","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-pauses-after-record-run\/","title":{"rendered":"Gold Pauses After Record Run"},"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-14-1024x559.png\" alt=\"\" class=\"wp-image-20953\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAUUSD held above 4,600 despite mild profit-taking after fresh record highs.<\/li>\n\n\n\n<li>Fed independence concerns and Iran-related tensions continue to underpin gold demand.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Spot gold (XAUUSD) edged lower in early trading but continued to hold above the $4,600 level, signalling resilience after the metal reached a fresh record high in the previous session.<\/p>\n\n\n\n<p>Prices slipped modestly as traders locked in short-term profits following a steep rally, but the broader structure remains constructive.<\/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 steadies close to record amid Fed jitters <a href=\"https:\/\/t.co\/kFOJKsKvoV\">https:\/\/t.co\/kFOJKsKvoV<\/a> via <a href=\"https:\/\/twitter.com\/business?ref_src=twsrc%5Etfw\">@business<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/2011017650617352470?ref_src=twsrc%5Etfw\">January 13, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In futures markets, New York contracts eased around 0.3% to $4,602.50 per ounce. Spot prices remained close to $4,590, keeping XAUUSD firmly anchored near historic highs despite the minor retracement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Stabilises But Pressure Persists<\/h2>\n\n\n\n<p>The US dollar attempted a modest rebound, with the dollar index rising 0.1% to 98.98. The move followed recent heavy selling sparked by concerns around the independence of the <strong>Federal Reserve<\/strong>.<\/p>\n\n\n\n<p>Analysts noted that the dollar had stabilised after the sell-off triggered by fears that the Trump administration may be exerting pressure on the Fed.<\/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\">The Trump administration escalated its attacks on the Federal Reserve, fueling concern over central bank autonomy and triggering declines in US stock futures and the dollar: Here is your Evening Briefing. <a href=\"https:\/\/t.co\/DiZSa2dhlX\">https:\/\/t.co\/DiZSa2dhlX<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2010638637860258131?ref_src=twsrc%5Etfw\">January 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Even so, the rebound has so far failed to dent underlying support for gold, as investors continue to hedge against institutional and policy risks in the US.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Geopolitical Risks Reinforce Safe-Haven Demand<\/h2>\n\n\n\n<p>Geopolitical tensions remain a key pillar supporting XAUUSD. Rising risks linked to <strong>Iran<\/strong> have added to bullion\u2019s appeal, particularly after <strong>Donald Trump<\/strong> announced a 25% tariff on any country conducting business with Tehran.<\/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\">Tehran said it was keeping communication channels with Washington open as Trump considered how to respond to the situation in Iran, which has posed one of the gravest tests of clerical rule in the country since the Islamic Revolution in 1979 <a href=\"https:\/\/t.co\/oZtiQvJTLJ\">https:\/\/t.co\/oZtiQvJTLJ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2011022274066034766?ref_src=twsrc%5Etfw\">January 13, 2026<\/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 has heightened fears of broader economic fallout and trade disruption, reinforcing demand for safe-haven assets. Gold has continued to attract inflows as investors seek protection from geopolitical escalation and policy uncertainty.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold remains in a strong uptrend, consolidating near its recent highs after a parabolic rally from mid-2025 lows around 3,250.<\/p>\n\n\n\n<p>The 5, 10, and 30-day moving averages are stacked bullishly, providing dynamic support, while price action continues to form higher lows with relatively shallow pullbacks\u2014signs of sustained momentum.<\/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\/2_image-6-1024x445.jpg\" alt=\"\" class=\"wp-image-38997\" \/><\/figure>\n\n\n\n<p>Although the MACD line has flattened, it remains above the signal line and zero, suggesting bullish bias is intact. The histogram is back in positive territory, hinting at renewed upside pressure.<\/p>\n\n\n\n<p>As long as price holds above 4,500, gold is likely to continue grinding higher, with a potential breakout above 4,600 unlocking the next leg up.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Outlook as Volatility Lingers<\/h2>\n\n\n\n<p>XAUUSD remains supported by a combination of macro and geopolitical drivers, even as short-term profit-taking introduces volatility.<\/p>\n\n\n\n<p>Concerns around Fed independence, coupled with <a href=\"https:\/\/t.co\/Zed5S5CDzH\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">rising Middle East tensions<\/a>, continue to favour gold over risk-sensitive assets.<\/p>\n\n\n\n<p>While brief consolidations may persist after the sharp rally, the underlying environment suggests bullion remains well-positioned as long as policy uncertainty and geopolitical risks stay elevated.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noopener\" title=\"\">here<\/a>.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XAUUSD steadies above 4,600 as Fed independence concerns and Iran tensions sustain safe-haven demand.<\/p>\n","protected":false},"author":64,"featured_media":20953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6,13],"class_list":["post-44668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold","tag-precious-metals"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44668","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=44668"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/20953"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=44668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=44668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=44668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}