According to APP, gold held steady above $4,800 per ounce, supported by optimism surrounding US-Iran negotiations and a pullback in oil prices. An analyst from ING stated, "While gold fell sharply due to selling pressures caused by liquidity stress, it has partially recovered as growth concerns resurfaced and price volatility has subsided. Rising real interest rates, a stronger dollar, and profit-taking may put pressure on short-term movements, but the recent pullback suggests underlying demand remains strong."

ING analysts further pointed out that the current gold price pullback is mainly due to short-term liquidity tightening and profit-taking, rather than a deterioration in fundamentals. Latest market data shows that as of April 16, 2026, the spot gold price remained stable around $4,811 per ounce, a significant rebound from recent lows, successfully holding the $4,800 mark. This stability is attributed to expectations of easing geopolitical risks due to progress in US-Iran negotiations, and the easing of inflationary pressures from the simultaneous decline in international oil prices; these two factors combined support a recovery in safe-haven demand.

Analysts emphasize that although rising real interest rates and a temporary strengthening of the US dollar pose short-term downward pressure, resurgent growth concerns coupled with moderate price volatility have prompted some investors to reallocate their gold holdings. The recent pullback has not weakened market confidence; on the contrary, it highlights the strong resilience of potential buying, especially given the continued uncertainty in the global economy, where gold's appeal as a traditional safe-haven asset has not diminished.

The table below compares the main short-term pressure and support factors currently affecting gold prices, helping investors to intuitively grasp the dynamic balance of the market:

From a broader perspective, gold's current price movement is at a critical juncture, characterized by easing external shocks and validated internal demand. If optimistic signals from the US-Iran negotiations continue to materialize, it will further reduce the risk of energy price volatility, providing breathing room for global economic growth and strengthening gold's position as a diversified asset allocation tool. Analysts caution that while short-term pressures from interest rates and the US dollar exist, if growth data remains weak or geopolitical uncertainties persist, gold 's safe-haven premium is expected to recover rapidly.

Editor's Summary : Gold's stability around $4800/oz confirms the direct support provided by optimism surrounding US-Iran negotiations and the pullback in oil prices. ING analysts' assessment of potential demand after the correction further strengthens market confidence. While short-term interest rates and the dollar exert pressure, gold's long-term safe-haven appeal remains resilient amidst growth concerns. Investors should closely monitor the progress of negotiations, oil price dynamics, and Federal Reserve policy signals to optimize gold's weighting in their portfolios.