![[Daily Closing đź””] Gold – Gold Prices Slip as Markets Await Key U.S. Economic Data Release](https://24newz.ai/wp-content/uploads/2025/04/file.jpeg)
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.
Market Reports /
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.
Insightz /
The recent surge in U.S. Treasury volatility, combined with foreign investors pulling back and yields climbing sharply, is raising serious questions about Treasuries’ long-held status as a “risk-free asset.” With inflation pressures lingering and policy uncertainty mounting, the market is being forced to reassess the true risk profile of government bonds. For investors, this environment underscores the need to re-evaluate asset allocation strategies to navigate shifting conditions.
Insightz /
U.S. stocks extended their winning streak to six consecutive days, buoyed by positive developments including progress on a U.S.-India trade deal, easing bond yields, and solid corporate earnings—all of which helped restore investor confidence. Meanwhile, Hong Kong stocks faced resistance at higher levels, as pre-holiday trading turned more cautious. In the short term, technical resistance continues to cap gains. Investors are advised to focus on sectors tied to tech hardware and domestic demand recovery.
Insightz /
On April 29, 2025, the Australian dollar edged slightly lower against the U.S. dollar but remained near its highest level of the year. Investors are closely watching Australia’s upcoming Q1 CPI report — if inflation cools more than expected, it could increase the likelihood of a rate cut by the Reserve Bank of Australia in May. Ongoing trade tensions between China and the United States also add uncertainty, potentially weighing on Australia’s export-driven economy. With inflation data and central bank policy in focus, traders should stay alert to both opportunities and risks in the Aussie dollar’s outlook.
Market Reports /
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.