Gold Daily | Gold Prices Stabilize Amid Fed Rate Cautiousness and Rising Geopolitical Tensions

【Latest Gold Price and Recent Trends】

Gold prices continued to fall, stabilizing at $2,639.46, following Fed officials reinforcing cautiousness regarding rate cuts. The recent decline is influenced by expectations of fewer rate cuts in 2025 and rising geopolitical tensions.

【Technical Analysis】

Gold has fallen below key moving averages, with the 21-day average at $2,638. If prices continue below $2,638, they could target the 100-day average at $2,627. A close below this may lead to a test of $2,596. Conversely, a recovery above $2,638 could see a rise to the 50-day average of $2,651 and beyond.

【Market Sentiment and Economic Background】

Market sentiment is influenced by expectations of Fed policy, with recent statements emphasizing inflation control as a priority. The upcoming U.S. non-farm payroll data is anticipated to provide further clarity on economic conditions. The geopolitical landscape, notably tensions in the Middle East and Ukraine, also plays a role in market dynamics. Central bank purchases and reduced dependence on the dollar continue to support gold prices.

【Analyst Opinions】

Industry experts anticipate a continued rise in gold prices into 2025, despite a potential slowdown after last year's 27% surge. High expectations for gold are driven by central bank purchases and potential U.S. economic policies. Some analysts project gold surpassing $3,000 by year-end, although predictions vary. Concerns about inflation and geopolitical risks further fuel bullish sentiments toward gold as a safe asset amid economic uncertainty.