Gold stays firm above $5,100 amid trade tensions and geopolitical risk

Gold (XAU/USD) is holding above the $5,100 level as global uncertainty continues to support safe-haven demand. Rising trade tensions, elevated geopolitical risk, and slowing US growth have increased defensive positioning across markets. At the same time, a softer US Dollar has helped gold stay supported near its recent breakout zone. This combination of macro pressure and technical stability keeps the broader outlook constructive.

Gold holds above $5,100 as trade tensions and geopolitical risks support safe-haven demand

Gold continues to hover near recent highs as global uncertainty drives safe-haven demand. Fresh tariff measures announced by US President Donald Trump have revived concerns over global trade conditions, raising the risk of retaliation and supply-chain disruption. These developments have pressured risk sentiment and increased defensive positioning. As a result, gold continues to attract demand as markets seek protection from policy uncertainty.

Geopolitical risk has added another layer of support. Tensions in the Middle East remain elevated as diplomatic efforts between the United States and Iran face uncertainty. Ongoing negotiations have yet to produce clear progress, keeping regional risks in focus. Reports of potential military escalation have kept markets cautious, and this environment continues to support gold.

Meanwhile, U.S. economic data continues to influence gold’s near-term outlook. A sharp slowdown in fourth-quarter GDP growth has raised doubts about the durability of the U.S. expansion and has pushed the Dollar off recent highs. At the same time, the latest PCE data shows that inflation remains firm, keeping the Federal Reserve cautious on near-term policy easing and limiting the scope for immediate rate cuts. Expectations for easing later in the year remain in place. This mix of cooling growth and firm inflation has restrained Dollar strength and allowed gold to maintain elevated levels.

Gold holds rising support as price consolidates above key levels

The gold chart below shows a well-defined rising structure that has developed over recent months. Price consistently respected rising support, forming higher lows during each consolidation phase. These pauses allowed momentum to reset while keeping the upward structure intact. This behavior reflects steady acceptance of higher prices within the current trend.

Gold recently pushed above the $5,100 level, marking an important technical development. That area previously acted as resistance during the advance. Price continues to hold above this level, signaling consolidation at higher prices rather than trend exhaustion.

The rising support zone now serves as the key technical reference. Holding above this area keeps the structure intact and points to continuation toward higher ranges over time. Short-term pauses remain possible, yet the alignment between price structure and trend support continues to favor the bullish case.

Gold outlook: Rising support and global uncertainty keep the broader structure favorable

Gold remains supported above the $5,100 level as macro uncertainty and technical strength align. Trade tensions and geopolitical risk continue to lift defensive demand. Slowing U.S. growth has capped Dollar strength and helped gold hold near recent highs. At the same time, steady inflation reduces the likelihood of near-term policy easing. Price holds above rising support and consolidates at higher levels. This setup keeps the broader outlook constructive, even if brief pauses emerge.