Notification: Get Real-Time News Alerts For Your Portfolio Today
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

Gold price eases from one-month top amid renewed USD buying; downside seems limited

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

Full Bio

James Carter

Share

Gold prices edged lower on Wednesday, retreating from a one-month high as the US dollar regained strength. Renewed demand for the greenback weighed on the yellow metal, which had recently benefited from safe-haven flows amid global economic uncertainties.

The pullback in gold was largely attributed to a modest rebound in US Treasury yields, which bolstered the dollar’s appeal. However, the downside for gold appears limited as lingering concerns over economic growth and potential shifts in central bank policies continue to support demand for the precious metal.

Gold US Dollar 1-D Chart as of January 16th, 2025 (Source: TradingView)

Market participants are also eyeing upcoming US economic data for clues on the Federal Reserve’s next move. A more dovish tone from the Fed could renew gold’s upward momentum, while stronger-than-expected data might strengthen the dollar further.

Analysts remain cautiously optimistic about gold’s near-term prospects, citing geopolitical tensions and persistent inflation as factors likely to underpin demand. For now, gold’s retracement reflects a temporary shift in market dynamics rather than a significant change in its broader outlook.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

Read More
Read More
Read More
Read More
Read More
Read More

Brokers Review

No reviews found in this category.

Top Stories
GBPUSD (1)
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
EURUSD (1)
EUR/USD weakens below 1.0400 as traders await US NFP release
NZDUSD
NZD/USD gains traction above 0.5650 ahead of US NFP release
USDINR (2)
USD/INR holds steady as traders brace for RBI rate decision
USDJPY (1)
Japanese Yen retreats against USD amid some repositioning ahead of US NFP
Stocks fluctuate as bond rally pauses ahead of volatile U.S
Stocks fluctuate as bond rally pauses ahead of volatile U.S. jobs report
Japanese household spending surges to highest level since 2022 amid wage growth
Japanese household spending surges to highest level since 2022 amid wage growth
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Japanese yen climbs amid rate hike speculation as U.S
Japanese yen climbs amid rate hike speculation as U.S. jobs report approaches
Ethereum faces resistance near $2,817 as Pectra testnet launch nears
Ethereum faces resistance near $2,817 as Pectra testnet launch nears