Gold (XAU/USD) continues to face selling pressure, trading near $2,760 as investors weigh economic data and Federal Reserve policy expectations. The yellow metal remains subdued as equity market stability reduces demand for safe-haven assets. A modest recovery in U.S. Treasury yields and speculation surrounding Federal Reserve rate decisions are also capping gold’s upside.
The Federal Reserve is widely expected to keep interest rates unchanged, despite U.S. President Donald Trump’s renewed push for immediate cuts. With traders awaiting the Fed’s policy outlook, gold remains in a consolidation phase, struggling to gain momentum. Market analysts suggest that a more definitive shift in monetary policy could trigger stronger price movements in the coming weeks.
Silver (XAG/USD) is trading near $30.36, facing similar headwinds as gold. Despite the U.S. dollar’s weakness, silver struggles to extend gains, as calmer market conditions have reduced demand for defensive assets. Unlike gold, silver is more exposed to industrial demand, and concerns over tariffs on metals such as aluminum, steel, and copper have kept traders cautious.
Weaker-than-expected U.S. economic data further complicates silver’s outlook. The U.S. Census Bureau reported a 2.2% drop in Durable Goods Orders for December, falling short of expectations. Meanwhile, the Conference Board’s Consumer Confidence Index declined in January, reflecting concerns over economic resilience. These data points add to uncertainty, which typically benefits safe-haven assets, but the absence of immediate financial stress has tempered silver’s upside potential.
The prospect of new U.S. tariffs on key imports, including computer chips, pharmaceuticals, and industrial metals, has raised concerns over potential economic fallout. While such uncertainty often drives gold demand, the lack of immediate market distress has prevented a significant breakout.
With the Federal Reserve’s decision looming and economic indicators providing mixed signals, gold and silver remain in limbo. Traders will closely monitor upcoming policy statements and macroeconomic data for fresh direction, as both metals struggle to find strong momentum in the current environment.
Gold (XAU/USD) struggles below $2,766, facing selling pressure amid Fed uncertainty. Silver (XAG/USD) stays weak under $30.46, with a downward trendline reinforcing bearish momentum.
Gold (XAU/USD) is hovering near $2,760.82, down 0.09%, as traders assess market signals ahead of key economic events. The price remains under pressure, struggling below the pivot point at $2,766.76. A Doji candlestick on the 4-hour chart indicates uncertainty, signaling weakening bullish momentum. Immediate resistance lies at $2,782.86, with a stronger barrier at $2,800.63.
On the downside, gold finds support at $2,751.71, with a further drop potentially testing $2,733.42. The 50-day EMA at $2,752.35 provides near-term stability, while the 200-day EMA at $2,714.72 underpins a broader uptrend.
Gold’s outlook remains bearish below $2,766.76, with a break above this level needed to reignite bullish momentum. Otherwise, sellers may push prices lower, testing key support zones.
Silver (XAG/USD) is trading at $30.36, down 0.14%, as the metal struggles to gain traction amid a stronger U.S. dollar. The price remains below the key pivot level of $30.46, reinforcing a bearish outlook. Immediate resistance stands at $30.71, with further hurdles at $30.95. A break above these levels could signal renewed buying interest, but for now, the downward trendline is keeping sellers in control.
On the downside, silver finds immediate support at $30.18, with additional pressure likely if it falls toward $29.88. The 50-day EMA at $30.39 is slightly above current levels, while the 200-day EMA at $30.33 provides additional structural support.
Silver remains bearish below $30.46, with a downward trendline driving selling momentum. A decisive close above this level could shift sentiment, but for now, the bias favors further downside pressure.
Arslan is a finance MBA and also holds an MPhil degree in behavioral finance. An expert in financial analysis and investor psychology, Arslan uses his academic background to bring valuable insights about market sentiment and whether instruments are likely to be overbought or oversold.