As the first half of 2025 is close to its end, let’s examine how the price of gold has moved during that time. At the start of the year, bullion was at $2,623. The area was tested again over the next three days and never returned to this level. The price remained stable, with a significant and regular increase.
On April 22, 2025, it reached an all-time high of $3,500. Then, on May 6, 2025, the gold price tried to reach its all-time high again but failed. Until now, its price has remained stuck at a solid support at $3,220.
The gold movement was certainly profitable for traders and investors who took long positions. However, several factors affect this movement.
With the current global economic uncertainty, many investors prefer gold as a reliable asset. They consider gold to be stable and safe, which is also why gold prices have increased.
The strengthening of the US dollar index will put pressure on gold prices. However, the dollar index has declined since the beginning of the year, contributing to the rise in gold prices. The DXY moves in response to various economic indices, including GDP growth and unemployment rates.
The trade war between the US and China is a very hot topic and is closely watched by investors. This is a warning for investors to adjust their positions in the market.
However, at the beginning, it was seen that investors preferred to secure their positions by choosing gold as one of the instruments to diversify their assets.
Investors watch the next gold price movement closely, keeping a close eye on its strong support at $3,220. If this level holds, the price of gold is likely to move upward once again.
From a global perspective, the decreasing tension in the US-China trade war will also impact the decline in gold prices.
Overall, gold is experiencing a healthy uptrend. This can be seen from its price remaining stable above the EMA 20, which has consistently been its dynamic support.
However, we need to be aware of sharp movements that will likely occur after lowering tensions in the US–China trade war.
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