{"id":31179,"date":"2025-09-22T07:16:58","date_gmt":"2025-09-22T07:16:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=31179"},"modified":"2025-09-22T07:16:58","modified_gmt":"2025-09-22T07:16:58","slug":"gold-rises-as-safe-haven-demand-builds","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/sv-eu\/analysis\/gold-rises-as-safe-haven-demand-builds\/","title":{"rendered":"Gold Rises as Safe-Haven Demand Builds"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/02\/gold9-1024x559.png\" alt=\"\" class=\"wp-image-16982\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/gold9-1024x559.png 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/gold9-300x164.png 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/gold9-768x419.png 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/02\/gold9.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAU\/USD trades at $3,705.37, up 0.56%, nearing last week\u2019s record of $3,707.40.<\/li>\n\n\n\n<li>Traders are pricing in 44bps of Fed cuts by year-end, but the dollar steadied near 97.81.<\/li>\n\n\n\n<li>Core PCE data due Friday is expected to show 2.9% annual inflation, keeping the Fed in focus.<\/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 climbed early Monday, nearing record territory once more as spot gold touched $3,705.37 per ounce, just shy of last week\u2019s all-time high of $3,707.40.<\/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 held a fifth weekly advance, boosted by the Fed&#39;s first rate cut of the year, with investors looking to a key inflation print due Friday <a href=\"https:\/\/t.co\/65Z5C99M5s\">https:\/\/t.co\/65Z5C99M5s<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1969917725880332306?ref_src=twsrc%5Etfw\">September 22, 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 0.56% gain reflects both technical strength and a renewed wave of safe-haven demand following global political and monetary jitters.<\/p>\n\n\n\n<p>Markets remain in wait-and-see mode after the Federal Reserve\u2019s recent rate cut. While policymakers indicated further easing ahead, the measured tone has left traders seeking confirmation.<\/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\">Even though inflation is still sticky, Fed Chairman Jerome Powell made it clear at his Wednesday press conference that the balance of risks is now shifting away from inflation as the labor market continues to slow. <a href=\"https:\/\/t.co\/EACzhlw6Au\">pic.twitter.com\/EACzhlw6Au<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1969944799831588991?ref_src=twsrc%5Etfw\">September 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Fed funds futures now price in 44 basis points of additional cuts by year-end, spread across the two remaining policy meetings.<\/p>\n\n\n\n<p>Despite this dovish backdrop, the dollar has managed to stabilise. The USDX index was last seen at 97.814, up 0.09%, with much of its recent downside momentum having slowed since July.<\/p>\n\n\n\n<p>Our research desk noted that while a slower easing cycle <em>should<\/em> weigh on the dollar, the greenback short trade is becoming crowded, limiting further downside.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Political Crosswinds Keep Risk Appetite Capped<\/h2>\n\n\n\n<p>Asian equities drifted higher, but caution lingered. Trump\u2019s proposal to impose a $100,000 fee on new H-1B visa applicants spooked Indian tech markets, with Nifty and Sensex dipping in response.<\/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\">India&#39;s Nifty, Sensex dip; Adani shares up after regulator rejects some Hindenburg claims <a href=\"https:\/\/t.co\/8u2CSAj4ns\">https:\/\/t.co\/8u2CSAj4ns<\/a> <a href=\"https:\/\/t.co\/8u2CSAj4ns\">https:\/\/t.co\/8u2CSAj4ns<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1968945673568485672?ref_src=twsrc%5Etfw\">September 19, 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 also rekindled tensions with China and India, both key sources of skilled US labour. Add to that the prior tariff hike to 50% on Indian imports and there\u2019s plenty for investors to worry about.<\/p>\n\n\n\n<p>These global frictions, combined with uncertainty around the Fed\u2019s inflation trajectory, have kept investors defensive, creating ideal conditions for gold to shine.<\/p>\n\n\n\n<p>Meanwhile, China\u2019s markets remained choppy, despite positive signals from US\u2013China discussions over TikTok.<\/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 Chinese government will host a group of US House representatives this week \u2014 the first such official visit in six years \u2014 as the two countries edge closer to a trade deal following Friday\u2019s phone call between Xi Jinping and Donald Trump <a href=\"https:\/\/t.co\/WP1NrzFpzi\">https:\/\/t.co\/WP1NrzFpzi<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1969670561434423360?ref_src=twsrc%5Etfw\">September 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>Equities in Taiwan hit a fresh record high, but momentum remained mixed across the region.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Overview<\/h2>\n\n\n\n<p>Gold (XAUUSD) is trading at <strong>$3,705.37<\/strong>, up <strong>0.56%<\/strong> on the day, as bullish momentum continues to strengthen. Since bottoming out near <strong>$2,832.68<\/strong> in March, gold has staged a steady recovery, with a breakout above the <strong>$3,600<\/strong> resistance confirming the uptrend.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/09\/image-22-1024x450.jpeg\" alt=\"\" class=\"wp-image-31180\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-22-1024x450.jpeg 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-22-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-22-768x337.jpeg 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-22.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The moving averages remain firmly aligned to the upside, and the MACD shows widening bullish momentum, signalling that buyers still dominate the market.<\/p>\n\n\n\n<p>The next key resistance is seen at <strong>$3,750\u20133,800<\/strong>, where profit-taking could emerge. On the downside, initial support lies at <strong>$3,600<\/strong>, followed by stronger levels near <strong>$3,327<\/strong>, which has acted as a base during recent consolidations.<\/p>\n\n\n\n<p>A sustained break above $3,800 could open the door toward <strong>$4,000<\/strong>, while a failure to hold above $3,600 risks a deeper pullback.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>In the short term, gold is likely to test the $3,710 level again, with bullish momentum building ahead of Friday\u2019s US PCE inflation data. If the <a href=\"https:\/\/t.co\/iG43Euxg77\" target=\"_blank\" rel=\"noopener\" title=\"\">core PCE figure<\/a> prints at or below 0.2% m\/m as expected, the Fed will have more breathing room, likely supporting further gains in bullion.<\/p>\n\n\n\n<p>In the medium term, gold\u2019s outlook hinges on the path of the dollar and Treasury yields. If cross-border tensions persist and the Fed holds its dovish tone, gold could march into new highs above $3,750.<\/p>\n\n\n\n<p>However, a stronger-than-expected inflation print or hawkish Fed remarks could trigger a pullback toward the $3,650\u20133,600 support zone.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live <\/a><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" rel=\"nofollow\" title=\"\">V<\/a><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">T Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*d96fp5*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTczOTYxNzckbzgzJGcwJHQxNzU3Mzk2MTc3JGo2MCRsMCRoMA..*_ga_6XQ8153GYW*czE3NTczODczODQkbzE4MyRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_BG6LYEHPX1*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_7CG6454YR5*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_J8BRGZSREX*czE3NTczODczODUkbzEzMSRnMCR0MTc1NzM4NzM4NSRqNjAkbDAkaDA.*_ga_69Z54R4H9N*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_CY2VCKFC3C*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_TXZ07R2C21*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_17TMGY9BBE*czE3NTczODczODgkbzEzMCRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_2QCC3S2748*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_MWDVVSEVL5*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_EJCVQDC7VT*czE3NTczODczODkkbzEyNSRnMCR0MTc1NzM4NzM4OSRqNjAkbDAkaDA.*_ga_XJ4037XKK6*czE3NTczODczOTEkbzEyNCRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.*_ga_E7D2PCX624*czE3NTczODczOTEkbzEyMyRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold approaches $3,710 again as traders weigh the Fed\u2019s dovish stance against a strengthening dollar and Trump\u2019s global visa clampdown. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":5,"featured_media":16982,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[11],"class_list":["post-31179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/31179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=31179"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/31179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/16982"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=31179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=31179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=31179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}