Gold prices dropped slightly on Thursday due to a stronger US Dollar after the Federal Reserve’s hawkish stance. Despite global uncertainties, gold remains supported by safe-haven demand. Learn more about gold price trends and key levels to watch.
When will gold and silver come down
Gold Steady, Underpinned by Ongoing Geopolitical Tensions – Thu Lan Nguyen
Gold (XAU/USD) is steady in early Asian trade, underpinned by ongoing geopolitical tensions which typically enhance the safe-haven appeal of the precious metal (Gold Silver).
Gold outlook: Israel-Iran continue to exchange blows
Gold prices have trended downward since the start of the week, currently hovering around $3,385 per troy ounce. This report aims to explore the fundamental factors influencing the precious metal’s price movements and conclude with a technical analysis of gold’s daily chart.
Gold Price Chart – XAU/USD Daily [02-May-2025]
Gold Price Chart– Gold may record a second weekly decline. Battle lines have been drawn on the short-term technical chart of XAU/USD. Resistance $3288, $3320 and $3381 (key level)- Support 3190, 3130 and 3010 (key level).
![Gold crucial update [30-04-2025]](https://www.goldsilverreports.com/wp-content/uploads/2025/04/XAUUSD_2025-04-30_17-05-28_10057.webp)
Gold crucial update [30-04-2025]
Gold crucial update By Neal Bhai (30-04-2025) – Gold (XAU/USD) under Selling Zone. But Remember any Big Panic Buy For Target $3500——$3700.
Gold price looks to high-impact US data flow
The first look of the US annualised GDP is expected to show a 0.4% growth in Q1 2025, down from a robust 2.4% expansion in the final quarter of 2024. Goldman Sachs economists expect a negative 0.2% growth.
Gold is likely to remain in demand as a safe haven
“However, as it remains unclear when and in what form an agreement with the Chinese leadership is possible – there have been different statements on this from Trump, US Treasury Secretary Scott Bessent and Beijing – Gold is likely to remain in demand as a safe haven for the time being. In addition, both Fed Governor Christopher Waller and Cleveland Fed President Beth Hammack have fuelled hopes of interest rate cuts with their latest statements.”
Trump confirmed that he will not remove Fed Chairman Powell. Due to which gold fell
Gold prices drop as Wednesday’s Asian session begins, which is sponsored by Trump’s comments that he is not looking to fire Fed Chair Jerome Powell. At the time of writing, Yellow Metal plunges over 1% and trades at $3,291.
Goldman’s a Raging Bull on Commodities as Turmoil Aids View
Gold price today are getting influenced by global economic uncertainties, geo-politics, financial unrest, US government credit rating downgrade, increased recession risk, and US-China trade war.