Gold dates back as merchants rotate in dollar and bonds

Happy Friday, merchants. Welcome to our weekly market wrap, where we take a look at these last five days of negotiation with a focus on market news, economic data and headlines that had the most impact on gold prices and other key correlated assets, and can continue in the future.

1. Gold prices decreased this week and ended about $ 3225/Oz despite negative economic news.

2. The Q1 GDP was unexpectedly hired, but gold prices fell instead of climbing.

3. Mixed April work data added confusion, did not cause a manifestation in safe safety assets.

4. The rotation of investors in the dollar and treasure markets added more pressure on gold.

Gold prices are kept at the highlights of the eyes, historically speaking. However, the weakness as a result of the precious metal that appears deeply excessive has allowed the prices to fall.

Rhetoric and messaging (at different levels of effectiveness) with regard to the Trump’s rate plan have not really died in recent days, but it has become less concrete and, therefore, less shocking in gold market prices. This week we received two top -notch data on the United States economic health, but that gold market reactions have moved in reverse prices to what would normally be expected to show that the most dominant yellow metal factor this week was that timely prices (last week) became a considerably excessive purchase and supplied to the last records.

First up, on Wednesday, we received the first estimate of GDP growth in the United States economy for the first quarter of 2025, which unexpectedly reported a contraction in the world’s largest economy. (To be exhaustive, it should be noted that, in the valuation of the first flights and parries of the economic and commercial policies of the Trump administration, the expectations of consensus only sought an almost measureable expansion.)

Expressing that the United States economy is now, in the most rudimentary terms, in the middle of the recession, we would have expected another manifestation in gold, since the beautiful metal has been so clearly what the safe-had preferred in 2025 against economic uncertainty. Instead, prices, which had already dropped to $ 3300 per Oz to start the week, were reduced on Wednesday to $ 3235. The next Asian negotiation session would then demolish Gold enough to briefly challenge the support to $ 3200/Oz before a Thursday’s rebound.

We repeated the pattern on Friday morning, although in even increases. The change in non -agricultural payroll numbers for April was a strange combination of non -dramatic and still open to the interpretation of investors, inclined in any emotional direction. The United States added 177K jobs last month, a healthy rate to expectations of 130k, but the strong number of the previous month was also reviewed by the same Delta.