Gold Market Outlook 24 March 2025

Gold Market Outlook 24 March 2025

Gold bars on a red background with a bar graph, representing the AI trading market and the gold trading news.

Article by: ETO Markets

Gold prices have been under pressure for a third day, yet they remain above the $3,000 mark, buoyed by the news that the Trump administration's planned reciprocal tariffs will be narrower than initially feared—a development that has boosted investors' appetite for riskier assets and weakened safe-haven demand. At the same time, expectations for an imminent Fed rate-cutting cycle to counteract a potential tariff-induced economic slowdown have failed to give the US Dollar further momentum following its recent rebound, as traders remain cautious amid persistent geopolitical risks and anticipation of key economic data. In related developments, US delegations are engaged in talks with Ukrainian officials, with further discussions with Russian counterparts on the horizon, while renewed military actions in the Middle East—ranging from Israeli strikes in Gaza and on a major hospital to missile launches by Iran-backed Houthis—continue to heighten regional tensions. Market focus is now shifting towards the upcoming release of flash global PMIs and the US Personal Consumption Expenditure Price Index, which are expected to offer fresh insights into global economic health. 

From a technical perspective, the $… level appears to be a crucial support zone that may continue to attract buyers, potentially halting any further downward momentum. Should this level be broken decisively, it could trigger technical selling, driving prices down to the $…–… region, and possibly extending the corrective fall toward the $…–… area, where previous resistance has now turned into support. Conversely, the all-time peak around the $…–… level, which was touched last week, could present an immediate resistance hurdle. However, with the daily Relative Strength Index (RSI) trending lower from overbought conditions, there is an expectation of follow-through buying that may serve as a fresh trigger for bullish activity, setting the stage for a potential extension of the well-established uptrend observed over the past three months. 

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

Want completely chart technical analysis
and trade recommendations on XAUUSD?

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ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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Disclaimer

ETO Markets Limited is registered in Seychelles with Company Number 850672-1 and authorised by the Financial Services Authority (FSA), Licence Number SD062; ETO Markets LLC is registered in Saint Vincent and the Grenadines with Company Number 3286LLC2023.


The information provided on this website is general in nature only and does not constitute personal financial advice. Please note that investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You don’t own, or have, any interest in the underlying assets. Any information or general financial product advice given is generic in nature and does not take into account your financial situation, needs or personal objectives. Past performance is not a reliable indicator of future performance. Investing in leveraged products carries significant risks. We recommend that you seek independent advice and ensure that you fully understand the risks involved before trading. It is important that you read and consider our disclosure documents
(Privacy Policy & Risk Disclosure) before you acquire any product.

2024 ETO Markets | All rights reserved

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