{"id":17727,"date":"2025-04-21T10:44:48","date_gmt":"2025-04-21T10:44:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17727"},"modified":"2025-04-21T10:44:48","modified_gmt":"2025-04-21T10:44:48","slug":"forex-market-analysis-21-april-2025","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/forex-market-analysis-21-april-2025\/","title":{"rendered":"Forex market analysis: 21 April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2026\/03\/44-1024x536.png\" alt=\"\" class=\"wp-image-17728\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Gold is once again capturing the spotlight as investors seek safety amid rising global uncertainty. Heightened geopolitical tensions, shifting trade policies, and weakening major currencies are fuelling renewed interest in the precious metal. As traditional assets face mounting pressure, gold stands out as a reliable store of value, drawing strong demand from those looking to protect their wealth in turbulent times.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Gold rallies above USD 3,390 amid trade tensions and US dollar weakness<\/strong><\/h2>\n\n\n\n<p>Gold prices surged past USD 3,390 on Monday, climbing more than 1 percent and marking a new all-time high.<\/p>\n\n\n\n<p><\/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 hits record high on trade war woes, weak dollar <a href=\"https:\/\/t.co\/h54MJtamzI\">https:\/\/t.co\/h54MJtamzI<\/a> <a href=\"https:\/\/t.co\/i2co5TMD96\">pic.twitter.com\/i2co5TMD96<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1914208751877317108?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The rise was driven by heightened safe-haven demand, as global trade tensions intensified, and the US dollar continued to lose ground.<\/p>\n\n\n\n<p>With uncertainty dominating the economic landscape, gold is becoming an increasingly attractive refuge for investors seeking stability.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Rising trade tensions fuel demand for gold<\/strong><\/h2>\n\n\n\n<p>The latest boost in gold prices followed an announcement by former US President Donald Trump, who launched an investigation into the potential introduction of new tariffs on all critical mineral imports.<\/p>\n\n\n\n<p>This step, viewed as a significant escalation in the ongoing trade friction\u2014especially with China\u2014has added to investor anxiety and reinforced the demand for defensive assets such as gold.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>US dollar decline enhances gold\u2019s appeal<\/strong><\/h2>\n\n\n\n<p>The decline of the US dollar, which dropped to a three-year low, has further strengthened gold\u2019s position.<\/p>\n\n\n\n<p><\/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\">Dollar tumbles as Fed independence under threat from Trump <a href=\"https:\/\/t.co\/AUbWjxzO8S\">https:\/\/t.co\/AUbWjxzO8S<\/a> <a href=\"https:\/\/t.co\/uhC53YxsRC\">pic.twitter.com\/uhC53YxsRC<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1914159692764356998?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>As the value of the greenback falls, gold becomes more affordable to buyers using other currencies, thereby increasing global demand and supporting its role as a hedge against currency depreciation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>ECB rate cut contributes to bullish sentiment<\/strong><\/h2>\n\n\n\n<p>In addition to geopolitical concerns, recent monetary policy actions have also supported gold\u2019s ascent.<\/p>\n\n\n\n<p>The European Central Bank\u2019s decision to cut interest rates has made the low-yield environment even less appealing for traditional investments.<\/p>\n\n\n\n<p>As a result, gold is drawing interest from investors seeking alternative stores of value.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis remains bullish<\/strong><\/h2>\n\n\n\n<p>XAU\/USD rose by 1.74 percent, ending the day at USD 3,389.75 after opening at USD 3,331.94.<\/p>\n\n\n\n<p>Prices reached a high of USD 3,390.71 before slightly retreating.<\/p>\n\n\n\n<p>The market\u2019s technical structure remains strong, with short-term moving averages rising above longer-term ones, indicating ongoing upward momentum.<\/p>\n\n\n\n<p>The MACD also signals a positive trend, as the MACD line remains above the signal line and the histogram stays in positive territory.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook and levels to watch<\/strong><\/h2>\n\n\n\n<p>With trade-related uncertainty lingering and the US dollar under pressure, gold may continue its upward trajectory.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-eu\/wp-content\/uploads\/sites\/33\/2026\/03\/21.4_2-1536x674-1-1024x449.jpg\" alt=\"\" class=\"wp-image-17729\" \/><figcaption class=\"wp-element-caption\">XAU\/USD surges past 3380 to test resistance at 3390.71, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Market participants are keeping a close eye on further developments in the US-China trade relationship and any additional moves from major central banks.<\/p>\n\n\n\n<p>Immediate resistance is found near USD 3,390, and a breakout above this level could pave the way for further gains.<\/p>\n\n\n\n<p>On the downside, support is currently observed around USD 3,320, with any easing in geopolitical tensions potentially triggering a short-term pullback.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold is once again capturing the spotlight as investors seek safety amid rising global uncertainty. Heightened geopolitical tensions, shifting trade policies, and weakening major currencies are fuelling renewed interest in the precious metal. As traditional assets face mounting pressure, gold stands out as a reliable store of value, drawing strong demand from those looking to <a href=\"https:\/\/www.vtmarkets.com\/en-eu\/analysis\/forex-market-analysis-21-april-2025\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":17728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[],"class_list":["post-17727","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-eu\/wp-json\/wp\/v2\/posts\/17727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/comments?post=17727"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/posts\/17727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media\/17728"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/media?parent=17727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/categories?post=17727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-eu\/wp-json\/wp\/v2\/tags?post=17727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}