{"id":118651,"date":"2025-08-19T16:31:45","date_gmt":"2025-08-19T13:31:45","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=118651"},"modified":"2025-08-19T16:31:46","modified_gmt":"2025-08-19T13:31:46","slug":"gold-outlook-golds-sideways-movement-remains-intact","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ko\/gold-outlook-golds-sideways-movement-remains-intact\/","title":{"rendered":"Gold Outlook: Gold\u2019s sideways movement remains intact"},"content":{"rendered":"

Gold\u2019s appears to be relatively unchanged since this Monday\u2019s open at the time of this report.<\/a> Today\u2019s report is to discuss the upcoming release of the FOMC\u2019s last meeting minutes, the possible peace talks between Ukraine and Russia, China\u2019s gold holdings and we are to conclude the report with a technical analysis of gold\u2019s daily chart.<\/p>\n\n\n\n

FOMC July meeting minutes due out tomorrow<\/strong><\/h2>\n\n\n\n

The FOMC\u2019s last meeting minutes<\/strong> are set to be released during tomorrow\u2019s American trading session and are set to garner significant market attention. As a reminder, during the Fed\u2019s last meeting, two Fed Governor\u2019s dissented from the decision to keep interest rates steady, marking the first time two board Governors have dissented since 1993<\/strong>. <\/p>\n\n\n\n

Therefore, the July meeting minutes which are due out tomorrow as we previously stated, may provide greater insight into the Fed\u2019s deliberations<\/strong> which resulted in such an event playing out. Furthermore, should the minutes show hesitancy from other members to remain on hold, it may imply that the rift within the Fed may be widening and could lead to further dissenters down the line, potentially towards the more dovish side. <\/p>\n\n\n\n

Hence, should the minutes showcase the aforementioned scenario, it may weigh on the dollar whilst aiding gold\u2019s price given their assumed inverse relationship with one another. On the other hand, should the minutes show a more \u201chawkish\u201d Fed with the exception of the two Governors, it may have the opposite effect and could aid the dollar whilst weighing on gold\u2019s price. \u00a0<\/p>\n\n\n\n

Ukraine-Russia meeting to occur in the near future?<\/strong><\/h2>\n\n\n\n

Following the Trump-Putin meeting in Alaska, the US President hosted a variety of world leaders<\/strong> including the Ukrainian President at the White House this week. Following the meeting, President Trump stated the following on his TruthSocial account \u201cDuring the meeting we discussed Security Guarantees for Ukraine, which Guarantees would be provided by the various European Countries, with a coordination with the United States of America. <\/p>\n\n\n\n

Everyone is very happy about the possibility of PEACE for Russia\/Ukraine. At the conclusion of the meetings, I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy.\u201d Overall it appears that progress is being made to provide security guarantees to Ukraine and to introduce the \u201cpeace-deal discussion\u201d format. <\/p>\n\n\n\n

Thus, the possibility of a ceasefire or a peace deal down the line may weigh on gold\u2019s price as geopolitical tensions may begin to ease. However, we must stress that these talks may be prolonged and could take time to truly materialize, and thus the potential impact on gold\u2019s price may be seen further down the line.<\/p>\n\n\n\n

China\u2019s official gold holdings increase once again<\/strong> <\/h2>\n\n\n\n

According to recent a report by the World Gold Council (WGC<\/strong>), \u201cChina\u2019s official gold reserves rose by 2t in July, scoring the ninth consecutive monthly purchase, to 2,300t<\/strong>.\u201d The continued increase and accumulation of gold holdings by the PBoC tends to underscore the continued demand for the asset given it\u2019s safe haven status.<\/p>\n\n\n\n

Moreover, continued demand from major players such as China could potentially aid gold\u2019s price in the future, yet an unexpected halt to their ongoing increase could lead to heightened volatility and may weigh on gold\u2019s price. Nonetheless, the overall continued demand for the precious metal could possibly provide some support for gold\u2019s price should it be maintained.<\/p>\n\n\n\n

Gold Technical Analysis<\/strong><\/h2>\n\n\n\n

XAU\/USD Daily Chart<\/strong><\/strong><\/strong><\/h3>\n\n\n\n
\"Line<\/figure>\n\n\n\n