Sunday, 14 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Friday, 16 May 2025 23:20 WIB | GOLD |GOLD

Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.

Risk sentiment improved this week after the United States (US) and China agreed to reduce tariffs for 90 days, while geopolitical tensions remained muted with India-Pakistan and Middle East risks stabilizing. After a period of conflicting reports and diplomatic deadlock, Ukrainian and Russian officials finally opened direct talks for the first time since 2022.

In the latest macro release, the preliminary University of Michigan Consumer Sentiment Index for May fell sharply to 50.8, down from 52.2 in April and well below forecasts of 53.4. This reflects growing household concerns over persistent inflation and economic uncertainty. While this normally boosts Gold's appeal, the market response has been muted, with traders focused on profit-taking and technical positioning instead.
This comes after a week of dovish US economic data, including softer-than-expected Consumer Price Index (CPI) and Producer Price Index (PPI) figures and a rise in Initial Jobless claims to a three-month high. Markets now price in at least two Federal Reserve (Fed) rate cuts in 2025, with the first likely in September. However, Fed Chair Jerome Powell cautioned that supply-driven shocks could reintroduce inflation volatility, complicating future monetary policy.

Source: Fxstreet

RELATED NEWS
Gold rises as weak US sentiment and jobs data fuel rate cut expectations...
Saturday, 13 September 2025 02:29 WIB

Gold prices rise over 0.44% during Friday's North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At t...

Gold Bulls Not Ready To Give Up Yet As Fed Rate Cut Bets Keep USD Depressed ...
Friday, 12 September 2025 16:02 WIB

Gold (XAU/USD) trims a part of its intraday gains, though it sticks to positive bias through the first half of the European session on Friday and remains close to the record high touched earlier this ...

Gold set for fourth weekly gain on soft US data, Fed rate outlook...
Friday, 12 September 2025 13:17 WIB

Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Res...

Gold Price Forecast: XAU/USD edges lower below $3,650 on profit-taking ...
Friday, 12 September 2025 07:42 WIB

The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of th...

Gold slips as traders book profits despite increasing Fed dovish bets...
Friday, 12 September 2025 02:00 WIB

Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates. Nevertheless, jobs ...

LATEST NEWS
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns

EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...

Bessent met with BlackRock's Rieder as search for next Fed chair continues

U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...

Oil gains weighed down by US demand worries

Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....

POPULAR NEWS
IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US CPI Inflation Rises to 2.9% in August, Matching Forecasts
Thursday, 11 September 2025 19:44 WIB

Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...

Michigan Consumer Sentiment Index Expected to Weaken Further in September
Friday, 12 September 2025 19:39 WIB

The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....

Nasdaq closes at record high, S&P 500 notches winning week as Fed decision looms
Saturday, 13 September 2025 03:37 WIB

The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the...