Market Review
According to ETO Markets monitoring, on March 25 (Tuesday) gold prices rebounded. Spot gold rose 1.5% to close at USD 4,474.26/oz, showing signs of a short-term recovery after a pullback of more than 20% from the year’s highs.
During Asian trading on March 25 (Wednesday), spot gold moved back above the USD 4,500 level and is holding above this threshold. Sentiment improved as expectations for a U.S.–Iran meeting increased, supported by multiple mediation efforts.
Global Headlines
U.S. Weighs One-Month Ceasefire Proposal
Israeli media reported that the United States is considering a one-month ceasefire plan to facilitate negotiations with Iran on a proposed 15-point agreement, aiming to create space for diplomacy.
Trump Claims Iran Has Been Defeated
President Trump stated that the U.S. has achieved victory in its actions against Iran, saying Iran’s military capabilities have been significantly weakened. He also signaled willingness to resolve the conflict through negotiations.
Wall Street Sees Pullback as Buying Opportunity
Several Wall Street institutions maintain a bullish medium- to long-term outlook on gold, viewing the recent correction as driven by short-term positioning. Price targets in the USD 5,000–6,000+ range remain widely cited.
Trump Approval Rating Falls to New Low
Recent polls show Trump’s approval rating has dropped to 36%, the lowest since returning to office. Rising oil prices and dissatisfaction with military actions against Iran are seen as key factors.
ETO Markets Analyst View (Spot Gold)
From a technical perspective, USD 4,385 is the key near-term pivot. Holding above this level would support continued rebound momentum, with targets at USD 4,605 and USD 4,660. A break below USD 4,385 could lead to a decline toward USD 4,300 and USD 4,225.
RSI is trending higher, indicating improving short-term momentum. Gold is being repriced between easing geopolitical expectations and broader macro uncertainty, with frequent shifts in market rhythm. Investors should closely monitor developments and manage risk exposure carefully.
Disclaimer
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