Spot gold (XAU/USD) fell for a second straight day, pressured by a stronger U.S. dollar and fading demand for safe-haven assets. Prices dipped to $3,265.45 per ounce, testing key technical support levels. Investors are now turning their attention to this week’s U.S. non-farm payroll data, which could influence the Federal Reserve’s interest rate outlook and, in turn, impact the direction of gold prices. Stay updated with the latest gold market analysis and investment strategies to navigate shifting market trends.
Spot gold prices fell 0.78% over the past 24 hours to $3,316.70 per ounce, as improving market sentiment and investor caution ahead of upcoming U.S. inflation and employment data weighed on prices. A stronger U.S. dollar and technical selling added further pressure. However, if the upcoming economic indicators point to a slowdown, gold could see a short-term rebound. Stay informed with the latest gold price trends and market insights to make smarter investment decisions.
Spot gold prices fell 0.78% over the past 24 hours to $3,316.70 per ounce, as improving market sentiment and investor caution ahead of upcoming U.S. inflation and employment data weighed on prices. A stronger U.S. dollar and technical selling added further pressure. However, if the upcoming economic indicators point to a slowdown, gold could see a short-term rebound. Stay informed with the latest gold price trends and market insights to make smarter investment decisions.
Spot gold has shown a dip-and-rise pattern over the past 24 hours, rebounding sharply as uncertainty over U.S.-China trade talks and increasing demand for safe-haven assets pushed prices higher. Gold briefly touched an intraday high of $3,338 before closing at $3,347.80. A weakening U.S. dollar and falling Treasury yields also contributed to gold’s upward momentum.
With key U.S. economic data—including GDP and non-farm payrolls—set to be released soon, market attention is intensifying. From a technical perspective, gold still holds short-term bullish momentum. Traders are closely watching the resistance level at $3,370 and the support zone near $3,260.
Stay updated with the latest gold price trends and market analysis to make informed trading decisions.
Spot gold (XAU/USD) fell 4.18% last week, pressured by escalating geopolitical tensions, shifting Federal Reserve policy expectations, and a stronger US dollar. After reaching a record high, gold prices pulled back sharply, with technical selling further accelerating the decline. Strong US economic data added momentum to the dollar’s rally, weighing heavily on bullion. Looking ahead, investors should keep a close eye on the upcoming Federal Reserve meeting and the US non-farm payroll report, as well as monitor the People’s Bank of China’s gold reserve activity — all critical factors that could shape the next moves in gold prices.
Spot gold prices tumbled 2.55% on Friday, erasing gains from earlier in the week as improving U.S.-China trade relations and a stronger dollar dampened safe-haven demand. On the technical side, gold broke below the key $3,300 support level, intensifying selling pressure across the market. While short-term momentum has weakened, the medium- to long-term outlook for gold remains supported by continued central bank buying and elevated geopolitical risks. Looking ahead, investors should closely monitor the upcoming core PCE data release within the next 24 hours, developments in U.S.-China negotiations, and the market’s reaction around the crucial $3,260 support level.