Gold (XAU/USD) is trading under pressure, staying below the key $4,000 level during Friday’s Asian session. The precious metal has faced mild selling for a second straight day, but further losses seem limited as market factors continue to favor safe-haven assets.
The US Dollar has eased slightly after reaching a two-month high, giving some relief to gold prices. At the same time, traders expect the Federal Reserve (Fed) to cut interest rates again this year, which supports the outlook for gold and other metals. The ongoing US government shutdown and persistent geopolitical tensions are also adding to gold’s safe-haven appeal.
Even with some profit-taking, the overall sentiment in metal trading remains positive. The yellow metal has gained for eight weeks in a row, reflecting strong investor demand in uncertain global conditions. In addition, online gold traders continue to monitor comments from FOMC members for new clues about future rate decisions.
On the technical side, gold may see some short-term pullbacks, especially if it stays below its 100-hour moving average, near $3,944. However, any sustained move above $4,000–$4,060 could spark renewed buying interest, pushing prices toward $4,100.
Overall, despite temporary weakness, gold remains well-supported by the broader market environment. For those trading gold online or in metal markets, the outlook remains slightly positive.
