Created
: 2025.10.10
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Gold Price Forecast: XAU/USD rally hits pause above $4,000 as Israel-Hamas agree to end war
World FX news
Breaking news
Gold Price Forecast: XAU/USD rally hits pause above $4,000 as Israel-Hamas agree to end war
New
2025.10.10 20:00
2025.10.10 20:00
2025.10.10 20:00
- Gold price struggles to extend its upside amid easing geopolitical risks.
- Both Israel and Hamas have signed a ceasefire agreement to end the war in Gaza.
- The Fed is expected to continue lowering interest rates this year.
Gold price (XAU/USD) trades 0.4% higher to near $3,995.00 during the European trading session on Friday. The yellow metal stabilized after a corrective move on Thursday, which followed a fresh all-time high of nearly $4,060 posted on Wednesday.
Four-day winning streak in the precious metal halted after Israel and Hamas signed a ceasefire agreement to end the war in Gaza. According to the first phase of the ceasefire, the Israeli army has released hostages and Hamas has now 72 hours to release Israeli hostages, BBC News reported.
Theoretically, easing geopolitical tensions diminishes demand for safe-haven assets, such as Gold.
However, the outlook for the Gold price remains firm as comments from Federal Reserve officials have signaled that more interest rate cuts are highly likely in the remaining year.
On Thursday, New York Fed Bank President John Williams and San Francisco Federal Reserve Bank President Mary Daly call for more interest rate cuts this year, citing downside risks to the labour market. "We're to a point now where the softening in the labor market looks like it could be more worrisome if we don't risk manage it, Daly said, Reuters reported. On the current status of inflation, Daly stated that growth in price pressures has come "much less than had been feared".
Lower interest rates by the Fed bode well for non-yielding assets, such as Gold.
Gold technical analysis
Gold price retraces after posting a fresh all-time high near $4,060. However, the overall trend of the Gold price remains bullish as the 20-day Exponential Moving Average (EMA) slopes higher around $3,834.10. The upward-sloping trendline from the August 22 low around $3,321.50 will act as key support for the Gold price.
The 14-day Relative Strength Index (RSI) stays above 60.00 for a long period, suggesting a strong bullish momentum.
On the upside, the Gold price could extend its upside towards $4,100. Looking down, the October 2 high of around $3,900 would act as key support.
Gold daily chart
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.10.10
Related articles
Gold climbs over 1% despite strong US data fueling mixed market mood
2025.11.06 03:21Silver Price Forecast: XAG/USD recovery stalls below $48,00
2025.11.05 21:31Gold steadies ahead of ADP and ISM reports; US Dollar strength caps upside
2025.11.05 21:08Gold Price Forecast: XAU/USD picks up to $3,970 on risk-off markets
2025.11.05 17:29Silver Price Forecast: XAG/USD moves above $47.50 as safe-haven demand increases
2025.11.05 14:51Gold drifts higher amid growing concerns over US government shutdown
2025.11.05 11:11
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
FX Today: The BoE is expected to keep its policy rate unchanged. US shutdown hits record
The US Dollar (USD) maintained its upside momentum for yet another day, navigating the area of multi-month tops amid further repricing of Fed rate cuts and the still unresolved US federal government shutdown, which is now the longest in history.
New
2025.11.06 04:05WTI Crude Oil slides below $60 after EIA reports surprise inventory build
West Texas Intermediate (WTI) Crude Oil extends its decline for the third consecutive day on Wednesday, slipping below the key $60.00 per barrel mark to hit a one-week low after the latest US Energy Information Administration (EIA) report showed a larger-than-expected inventory build.
New
2025.11.06 03:29Gold climbs over 1% despite strong US data fueling mixed market mood
Gold (XAU/USD) price rises more than 1% on Wednesday after a slew of economic data was released in the United States (US), which strengthened the US Dollar (USD), but also the yellow metal, which trades at around $3,980 after hitting a daily low of $3,929.
New
2025.11.06 03:21Dow Jones Industrial Average recovers 300 points after AI sell-off finds footing
The Dow Jones Industrial Average (DJIA) crimped bearish flows on Wednesday, finding a near-term foothold near the 47,200 level and rising 300 points as equity markets recover following an early-week plunge in the heavily concentrated AI and tech infrastructure segments.
New
2025.11.06 03:18NZD/USD rises slightly on China tariff relief amid weak NZ labor market
NZD/USD recovers on Wednesday, trading around 0.5660 at the time of writing, supported by improving global trade sentiment after China announced it would suspend part of its tariffs on US agricultural goods starting November 10.
New
2025.11.06 03:12Fed's Miran: ADP data was a welcome surprise
Federal Reserve Governor Stephen Miran speaks about the Job market and the monetary policy for Yahoo Finance on Wednesday. He said that the ADP data was a welcome surprise and that he sees additional investment demand over time.
New
2025.11.06 01:25Service-sector activity continues to expand
The ISM services index rebounded to 52.4 in October amid an expansion in current activity and coming demand conditions. Service-providers reported paying higher prices as concerns around tariff-induced cost pressure continues.
New
2025.11.06 01:22EUR/USD subdued as strong ISM and ADP data reinforce Fed's cautious stance
The Euro (EUR) holds firm against the US Dollar (USD) on Wednesday but remains anchored near three-month lows, as the Greenback stays broadly supported by upbeat US economic data.
New
2025.11.06 01:06GBP/USD steadies after sharp drop as Reeves' tax warning sparks fiscal jitters
The GBP/USD holds firm on Wednesday following Tuesday's 0.90% losses due to UK's finance minister Rachel Reeves saying that she could raise taxes to meet her fiscal rules. The pair trades at 1.3028 virtually unchanged.
New
2025.11.06 00:47USD/CHF steady around 0.8100 as US data offset by shutdown gloom
USD/CHF trades around 0.8100 on Wednesday at the time of writing, virtually unchanged on the day after pulling back from a three-month high of 0.8124 hit earlier as data from the United States (US) supports the US Dollar (USD).
New
2025.11.06 00:37Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
