Gold prices stabilized around $3,300 on Monday, as bullish investors showed resilience following a recent pullback from record highs. The precious metal found renewed support amid ongoing geopolitical concerns and lingering inflation uncertainty, keeping downside pressure in check.
After briefly dipping last week, gold attracted steady buying interest near the $3,300 level—a price zone seen by many as a technical and psychological support. Despite a firmer US dollar and rising Treasury yields, demand for gold held firm as investors continued to seek hedges against market volatility.
Gold US Dollars per Ounce 4-H Chart as of April 30th, 2025 (Source: TradingView)
Analysts pointed to mixed macroeconomic signals that have complicated the outlook for monetary policy. “There’s still enough uncertainty in the global environment to keep gold in favor,” said one commodities strategist. “Even with some profit-taking, bulls aren’t giving up their positions just yet.”
Meanwhile, expectations around the Federal Reserve’s next move remain a key driver. A recent batch of strong US data has cooled hopes for early rate cuts, supporting the dollar. However, that hasn’t been enough to fully reverse gold’s bullish momentum, particularly with central banks continuing to accumulate reserves.
Geopolitical tensions and a cautious tone in equity markets have also helped preserve gold’s appeal. Investors remain alert to potential shocks that could renew demand for safe-haven assets, giving gold a stable near-term floor.
Market participants will be watching upcoming US inflation data and any fresh guidance from the Federal Reserve this week. For now, gold’s ability to hold above $3,300 suggests that buyers are still in control, at least in the short term.
