{"id":16095,"date":"2024-12-20T02:07:27","date_gmt":"2024-12-20T02:07:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=16095"},"modified":"2024-12-20T02:07:27","modified_gmt":"2024-12-20T02:07:27","slug":"gold-holds-its-ground-amid-fed-whispers","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/gold-holds-its-ground-amid-fed-whispers\/","title":{"rendered":"Gold Holds Its Ground Amid Fed Whispers"},"content":{"rendered":"\n<p><em>Listen to the article here:<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/12\/16095.mp3\"><\/audio><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">Key Points:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold stabilises in early Asian trading after a sharp drop triggered by the Fed\u2019s cautious rate-cut outlook.<\/li>\n\n\n\n<li>ANZ Research highlights India\u2019s dwindling gold imports, potentially weighing on the metal\u2019s near-term trajectory.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold prices are holding firm in early Asian trade following a swift rebound from their <a href=\"https:\/\/t.co\/jaGPBQPGyj\">initial drop<\/a> after the Federal Reserve\u2019s recent policy stance.<\/p>\n\n\n\n<p>The Fed\u2019s indication of fewer rate cuts than anticipated caught traders off guard, triggering a pullback in gold as rising yields improved the appeal of interest-bearing assets.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Fed&#39;s &#39;pivot&#39; brought market uncertainty to the forefront <a href=\"https:\/\/t.co\/Jo8e4N05P7\">https:\/\/t.co\/Jo8e4N05P7<\/a> by <a href=\"https:\/\/twitter.com\/_JoshSchafer?ref_src=twsrc%5Etfw\">@_JoshSchafer<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1869814278229778905?ref_src=twsrc%5Etfw\">December 19, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/12\/image-13-1024x446.jpeg\" alt=\"\" class=\"wp-image-16096\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold hovers near 2597, seeking direction as momentum moderates, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" title=\"\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>The chart shows gold hovering near 2597 after a mild uptick from the 2583 region. Short-term moving averages flatten and converge near the current price, suggesting a pause in recent momentum. The MACD lines indicate the strong directional push seen earlier has cooled.<\/p>\n\n\n\n<p>Traders may monitor whether price can hold above 2583 support, as a break below could attract more sellers, while clearing 2600 could re-engage buyers for a gradual push higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">India Headwinds<\/h2>\n\n\n\n<p>Despite this stabilisation, research analysts caution that India\u2019s weakening demand may challenge gold\u2019s short-term outlook.<\/p>\n\n\n\n<p><a href=\"https:\/\/t.co\/0R8rg2dCYs\">Indian officials<\/a> expect December imports to fall significantly, citing reduced seasonal buying and fewer major festivals. Traditionally, India\u2019s robust appetite for physical gold has provided a steady floor under prices, but with fewer cultural events driving purchases, the demand pipeline looks thinner heading into year-end.<\/p>\n\n\n\n<p>Traders should watch for changes in global yield environments and any signals of economic reacceleration that could influence monetary policy.<\/p>\n\n\n\n<p>For now, with the Fed\u2019s path set on fewer cuts and India\u2019s demand waning, gold\u2019s balance between safe-haven interest and physical market fundamentals may remain delicate in the weeks ahead.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold steadies in early Asian trade after a post-Fed dip. ANZ sees near-term challenges amid India\u2019s weakening physical demand. &#8211; vtmarkets.com <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[7],"class_list":["post-16095","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-gold"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/16095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=16095"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/16095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=16095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=16095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=16095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}