Gold prices saw calm and relatively stable trading during the morning session, with the spot price recorded at $4,566 per ounce. It is currently testing a support level that may help push it higher, though a further decline remains possible if the price index breaks below this level.
This week is packed with meetings from several central banks around the world. It is well known that interest rate decisions significantly influence market direction. Later this evening, the U.S. Federal Reserve will announce its decision on interest rates.
After holding rates steady in its previous meeting, the Fed will announce the new rate alongside a speech by Jerome Powell at what will be his final press conference as Federal Reserve Chair. During his tenure, the central bank adopted a tight monetary policy to combat inflation in the U.S. economy. After cautiously shifting toward easing, war broke out in the Middle East.
Central banks in major economies are now grappling with inflation while facing reduced oil supplies from the Strait of Hormuz and the Arab Gulf countries. At the same time, they are concerned about slowing economic growth and the risk that the labor market may bear the cost of maintaining high interest rates for an extended period.
Tomorrow, markets will be watching interest rate decisions from the Bank of England and the European Central Bank. Yesterday morning, the Bank of Japan kept its interest rate unchanged at 0.75%, while also dealing with rising commodity prices\u2014prompting it to raise rates, which is unusual given its decades-long monetary policy approach.
Amid anticipation of a final resolution to negotiations over the Middle East conflict, experts expect that prolonged uncertainty will not favor global markets. This situation is also likely to cast a shadow over the global economy for years to come.
Federal Reserve Commentary Powell\u2019s remarks at the previous Federal Reserve meeting indicated that the U.S. economy is relatively resilient and strong in the face of geopolitical risks. He also noted that tariffs and the hostile tone adopted by U.S. President Donald Trump toward American trade allies would have the greatest impact in suppressing demand for goods and contributing to rising prices. Technical Outlook for Gold The spot gold price chart shows that it has been declining for months after reaching its all-time high. The continued downward movement has been driven by the war and the shift of capital toward the U.S. dollar and oil. If gold breaks the support level at $4,522, which it is currently approaching, it is likely to target the next support level at $4,360. On the other hand, if it rebounds from the current price range, it may aim for the resistance level at $4,850. <\/p>\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Gold Holds Steady Awaiting the Federal Reserve Decision Gold prices saw calm and relatively stable trading during the morning session, with the spot price recorded at $4,566 per ounce. It is currently testing a support level that may help push it higher, though a further decline remains possible if the price index breaks below this…<\/p>\n","protected":false},"author":2,"featured_media":6391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[233],"tags":[234,235],"class_list":["post-6393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-technical-analysis","tag-gold_analysis","tag-federal_reserve_bank"],"_links":{"self":[{"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/posts\/6393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/comments?post=6393"}],"version-history":[{"count":1,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/posts\/6393\/revisions"}],"predecessor-version":[{"id":6394,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/posts\/6393\/revisions\/6394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/media\/6391"}],"wp:attachment":[{"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/media?parent=6393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/categories?post=6393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.drahim.trade\/en\/wp-json\/wp\/v2\/tags?post=6393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/blog.drahim.trade\/wp-content\/uploads\/2026\/04\/الذهب-29-1024x532.png\")
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