{"id":23262,"date":"2025-06-30T13:02:53","date_gmt":"2025-06-30T13:02:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23262"},"modified":"2025-06-30T13:02:53","modified_gmt":"2025-06-30T13:02:53","slug":"gold-softens-on-global-optimism","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/gold-softens-on-global-optimism\/","title":{"rendered":"Gold softens on global optimism"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-1024x536.png\" alt=\"\" class=\"wp-image-23264\" srcset=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-1024x536.png 1024w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-300x157.png 300w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-768x402.png 768w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-500x262.png 500w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-400x209.png 400w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-350x183.png 350w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5-200x105.png 200w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/5.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Gold prices dipped as improving global sentiment and progress in trade talks shifted investor focus away from safe-haven assets. Easing Middle East tensions and growing optimism around new trade deals encouraged a move toward riskier investments, putting pressure on gold.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Gold dips on easing tensions and trade hopes<\/strong><\/h2>\n\n\n\n<p>Gold prices edged lower at the start of the week, dipping to approximately $3,260 per ounce as investor appetite shifted away from traditional safe-haven assets.<\/p>\n\n\n\n<p>The precious metal touched an intraday low of $3,247.91 before rebounding to settle around $3,280.48 by market close.<\/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 edged lower after two consecutive weekly declines, with demand impeded by a risk-on mood as the White House aims to finalize several trade deals <a href=\"https:\/\/t.co\/omVXed6VZ7\">https:\/\/t.co\/omVXed6VZ7<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1939486576809062839?ref_src=twsrc%5Etfw\">June 30, 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 recent de-escalation in geopolitical tensions between Israel and Iran has helped calm market nerves, reducing demand for gold as a protective asset.<\/p>\n\n\n\n<p>In addition, positive developments in global trade negotiations have further dampened safe-haven flows.<\/p>\n\n\n\n<p>US President Donald Trump confirmed a formal trade agreement with China and hinted at a potential major <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-29\/indian-negotiators-extend-us-stay-as-trade-talks-gather-pace\" target=\"_blank\" rel=\"noopener nofollow\" title=\"deal with India\">deal with India<\/a>.<\/p>\n\n\n\n<p>Talks are also reportedly progressing with Mexico and Vietnam, while negotiations with Japan and other partners remain ongoing.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis: Resistance caps gold\u2019s rebound<\/strong><\/h2>\n\n\n\n<p>On the 15-minute XAU\/USD chart, gold continues to recover from last week\u2019s lows.<\/p>\n\n\n\n<p>Prices have moved above the short-term moving averages (5, 10, and 30), supported by a bullish MACD crossover and increasing histogram strength.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"443\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-1024x443.jpeg\" alt=\"\" class=\"wp-image-23263\" srcset=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-1024x443.jpeg 1024w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-300x130.jpeg 300w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-768x332.jpeg 768w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-500x216.jpeg 500w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-400x173.jpeg 400w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-350x151.jpeg 350w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34-200x87.jpeg 200w, https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2025\/06\/image-34.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Picture: Gold steady, eyes on $3,300 breakout zone, 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>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>However, the upside momentum is facing resistance near $3,283.32, and overall strength remains tentative.<\/p>\n\n\n\n<p>If diplomatic progress and trade optimism persist, gold may struggle to break convincingly above the $3,285.00 threshold.<\/p>\n\n\n\n<p>On the downside, a drop below $3,250.00 could open the path towards $3,230.00.<\/p>\n\n\n\n<p>However, any deterioration in geopolitical stability or weaker US economic data could quickly revive safe-haven interest in gold.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Fed policy outlook hinges on key US jobs data<\/strong><\/h2>\n\n\n\n<p>Traders are now turning their attention to a series of high-impact labour market reports from the United States, including job openings, ADP private payrolls, and the highly anticipated non-farm payrolls (NFP) due Friday.<\/p>\n\n\n\n<p>These figures are expected to influence the Federal Reserve\u2019s policy direction in the coming months.<\/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\">Bond investors enter a holiday-shortened week focused on the June jobs report as a key data point that will influence the Fed\u2019s path on rates and performance for the market for the rest of the year <a href=\"https:\/\/t.co\/QPgQTit1Ab\">https:\/\/t.co\/QPgQTit1Ab<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1939400637847838725?ref_src=twsrc%5Etfw\">June 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><\/p>\n\n\n\n<p>Although Fed officials have maintained a cautious tone recently, market participants are increasingly pricing in potential rate cuts later this year.<\/p>\n\n\n\n<p>A softer-than-expected NFP report would strengthen the case for monetary easing and could boost gold prices back towards the $3,300 level.<\/p>\n\n\n\n<p>Conversely, stronger jobs data may weigh on gold, keeping it under pressure with short-term downside targets around $3,240 or lower.<\/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 prices dipped as improving global sentiment and progress in trade talks shifted investor focus away from safe-haven assets. Easing Middle East tensions and growing optimism around new trade deals encouraged a move toward riskier investments, putting pressure on gold. Gold dips on easing tensions and trade hopes Gold prices edged lower at the start <a href=\"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/gold-softens-on-global-optimism\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":102,"featured_media":23264,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-23262","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\/pl-eu\/wp-json\/wp\/v2\/posts\/23262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/comments?post=23262"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/23262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media\/23264"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media?parent=23262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/categories?post=23262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/tags?post=23262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}