FXOpen
As shown on the XAU/USD chart today, gold prices are fluctuating near their all-time high, set when the price of an ounce surpassed $3,140 for the first time in history.
Gold has risen by approximately 19% in the first three months of 2025.
Why Is Gold Rising?
On 2 April, traders' sentiment is driving gold prices higher in anticipation of US President Trump’s tariff announcements, expected later this evening.
This event enhances gold’s appeal as a safe-haven asset, as concerns grow that Trump’s aggressive trade policies could slow global economic growth and fuel inflation.
Additionally, media reports highlight strong demand for gold from central banks, while exchange-traded funds linked to the precious metal are seeing capital inflows from investors concerned about geopolitical uncertainty.
Technical Analysis of XAU/USD
Gold price movements have formed two ascending channels in 2025: a broader blue channel and a steeper purple channel.
Notably, gold is currently trading near the midpoints of both channels, indicating that supply and demand may have reached equilibrium after buyers broke through resistance around $3,088 (marked by an arrow).
It is likely that XAU/USD will exhibit low volatility until news about Trump’s tariffs emerges. This could trigger sharp price movements, with a potential test of the purple channel’s boundaries in the near future.
Start trading commodity CFDs with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Stay ahead of the market!
Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.
Latest articles
Gold Price Analysis: Market Awaits Key Updates
The ADX indicator on the 4-hour XAU/USD chart has dropped to a multi-month low, signalling the absence of a clear trend.
At the same time, a technical assessment of price movements allows for the construction of a symmetrical triangle
NIO Shares Drop Below $5
As the chart shows, the share price of NIO Inc. (NIO), the Chinese manufacturer of “smart” electric vehicles, has fallen by roughly 30% over the past month and this week slipped below $5 for the first time since mid-August.
Among
Dollar under Pressure after ADP as Investors Brace for Key Data Releases
The US dollar continues to retreat following weaker-than-expected ADP figures, which strengthened expectations of a softer Federal Reserve stance. The US private sector created far fewer jobs than forecast, a development markets interpreted as a sign of potential labour-market cooling