Gold - Overview as of 29.04.2025

Financial and commodity markets analytics


Gold prices declined and generally remain under pressure. This is happening against the backdrop of weakening trade tensions between the US and its trading partners, which reduces the attractiveness of the metal as a safe haven asset. Positive signals in trade negotiations helped improve investor sentiment. Nevertheless, concerns about a possible global recession remain.Investors are now focused on upcoming U.S. economic data, which may affect the Federal Reserve's policy.The local support zone for gold near $3220 remains valid. Significant support is located in the range below $3150.