Fundamental Analysis of XAU/USD Price Movement (February 4-8, 2025)

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Monday, February 4, 2025

The week started with XAU/USD trading at $2,844.12, influenced by geopolitical tensions and economic data. Investors sought safe-haven assets amid uncertainty in global markets. Key support levels were identified at $2,834 and $2,815.

Tuesday, February 5, 2025

Gold prices continued to rise, reaching $2,852.81. The Federal Reserve's dovish stance on interest rates and weak economic data from the US supported the bullish trend. The US-China trade war also played a role in driving demand for gold.

Wednesday, February 6, 2025

Mid-week saw a slight correction with prices dipping to $2,840. However, positive economic data from Europe and ongoing geopolitical tensions kept the overall trend positive. The European Central Bank's (ECB) monetary policy and US Treasury yields influenced market sentiment.

Thursday, February 7, 2025

Prices rebounded to $2,867.25, driven by positive economic data and ongoing geopolitical tensions. The US Nonfarm Payrolls (NFP) report and Federal Reserve's comments on interest rates played a significant role in supporting gold prices.

Friday, February 8, 2025

The week concluded with XAU/USD trading at $2,867.25, maintaining its bullish stance. Market sentiment remained positive, with investors continuing to seek safe-haven assets amid global economic uncertainties. Key support levels were identified at $2,834 and $2,815.

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