Market Review
According to ETO Markets monitoring, on April 13 (Monday), spot gold edged lower by about 0.3%, closing near USD 4,734.50 per ounce. Prices briefly touched the lowest level since April 7. US gold futures slipped 0.4% to settle at USD 4,767.40.
On April 14 (Tuesday) during early Asian trading, spot gold rebounded modestly to around USD 4,760 per ounce, showing signs of short-term stabilization.
Global Headlines
US-Iran Contacts Continue Toward Talks
The US and Iran remain in contact after the last round of talks. Discussions are ongoing for a second face-to-face meeting, with Geneva and Islamabad under consideration.Second Round Talks Eye April 16
A new round of direct talks may take place on April 16 in Islamabad. The plan is still under preparation and depends on near-term progress.Vance Blames Iran Negotiation Limits
Vice President Vance said earlier talks stalled due to limited authority of Iranian negotiators. Further progress depends on approval from Tehran.Aluminum Prices Hit Four-Year High
LME aluminum rose to a four-year high as Middle East disruptions tightened supply. Shipping constraints and low inventories added pressure.FED Hike Odds Near Zero
FED expectations shifted again. The probability of rate hikes this year dropped to 0.7%, while rate cut odds rose to 34.6%, reflecting ongoing policy repricing.
ETO Markets Analyst View (Spot Gold)
Spot gold maintains a mildly bullish structure, with 4,720 as key support. Holding above this level may support further gains, with upside targets at 4,795 and 4,835.
If prices fall below 4,720, the structure may weaken. Downside levels to watch are 4,700 and 4,680. The market remains in a recovery phase within a broader uptrend. RSI is turning higher, indicating improving momentum. Bullish strength is rebuilding. With policy expectations and geopolitical developments interacting, volatility remains elevated. Monitor closely.
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