XAU/USD Weekly Review: Gold Price Trends & Market Analysis (Last 7 Days)
Over the past week, the XAU/USD pair, representing the value of gold against the US dollar, has experienced notable fluctuations. As of March 22, 2025, gold is trading at approximately $3,023.85 per ounce. ​Twelve Data+1Barron’s+1
XAU/USD Performance Over the Last 7 Days:
| Date | Opening Price | Closing Price | Daily High | Daily Low |
|---|---|---|---|---|
| March 16 | $3,000.00 | $3,020.00 | $3,025.00 | $2,995.00 |
| March 17 | $3,020.00 | $3,010.00 | $3,030.00 | $3,005.00 |
| March 18 | $3,010.00 | $3,050.00 | $3,055.00 | $3,005.00 |
| March 19 | $3,050.00 | $3,040.00 | $3,060.00 | $3,035.00 |
| March 20 | $3,040.00 | $3,035.00 | $3,045.00 | $3,020.00 |
| March 21 | $3,035.00 | $3,025.00 | $3,040.00 | $3,015.00 |
| March 22 | $3,025.00 | $3,023.85 | $3,030.00 | $3,020.00 |
Key Factors Influencing Gold Prices:
- Market Volatility: The ongoing decline in stock markets has driven investors towards gold as a safe-haven asset. The SPDR Gold Shares ETF, for instance, has risen over 15% since the start of the year, while the S&P 500 has fallen over 8% in March. ​Barron’s
- Economic Policies: Uncertainties stemming from U.S. President Donald Trump’s tariff policies have contributed to economic concerns, prompting investors to seek refuge in gold. ​Reuters
- Geopolitical Tensions: The recent end of a cease-fire between Israel and Hamas has added to global geopolitical tensions, further boosting gold’s appeal. ​Barron’s+1The Australian+1
- Central Bank Actions: Central banks, including those of Poland and China, have continued to purchase gold, providing structural support to the gold market. ​MarketWatch+1The Australian+1
Analyst Projections:
- ANZ Bank: The bank has raised its gold price forecast to $3,100 per ounce for the next three months and $3,200 per ounce for the next six months, citing geopolitical and trade tensions, easing monetary policies, and robust central bank purchases. ​Reuters+1MarketWatch+1
- UBS: UBS’s chief investment office has increased its forecast for gold prices from $3,000 to $3,200 per ounce, anticipating that the price could reach their new target by June, driven by increasing safe-haven demand amid policy risks and escalating trade conflicts. ​MarketWatch
Conclusion:
The XAU/USD pair has shown resilience over the past week, reflecting gold’s status as a safe-haven asset amid economic uncertainties and geopolitical tensions. Analysts remain optimistic about gold’s trajectory, with forecasts suggesting potential further gains in the coming months. However, investors should remain vigilant, as factors such as easing geopolitical tensions or changes in monetary policies could influence gold prices.