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).
when will gold come down
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]
![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 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.”