{"id":111038,"date":"2025-01-28T01:52:00","date_gmt":"2025-01-27T21:52:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111038"},"modified":"2025-01-28T03:04:50","modified_gmt":"2025-01-27T23:04:50","slug":"gold-prices-decline-1-on-profit-taking-broad-stock-selloff","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-decline-1-on-profit-taking-broad-stock-selloff\/01\/28\/market-updates\/","title":{"rendered":"XAU\/USD Declines 1% On Profit-taking, Broad Stock Selloff"},"content":{"rendered":"\n<p>Gold prices experienced a decline of over 1% on Monday, falling below the $2,750 level. This downturn was primarily driven by a confluence of factors. Firstly, profit-taking by investors contributed significantly to the gold price decline. Secondly, the emergence of DeepSeek, a Chinese artificial intelligence firm, triggered a broader market sell-off. DeepSeek&#8217;s launch of a competitively priced language model raised concerns about potential overvaluation within the AI sector, prompting investors to reassess their positions in AI-related stocks. <br><br>This market uncertainty, despite a fall in US Treasury bond yields, dampened the appeal of gold as a safe-haven asset. Furthermore, China&#8217;s latest PMI data revealed contractions in both the services and manufacturing sectors, raising concerns about global economic growth. This negative economic data further exacerbated the bearish sentiment.<br><br><strong>Technical Outlook:<\/strong> Gold prices have retraced and are currently consolidating below the $2,750 level. A potential pullback towards $2,700 is possible before a renewed attempt to challenge the record high of $2,790.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices experienced a decline of over 1% on Monday, falling below the $2,750 level. This downturn was primarily driven by a confluence of factors. Firstly, profit-taking by investors contributed significantly to the gold price decline. Secondly, the emergence of DeepSeek, a Chinese artificial intelligence firm, triggered a broader market sell-off. DeepSeek&#8217;s launch of a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":105524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,39,36],"tags":[11227],"class_list":["post-111038","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-global-stock-markets","category-market-updates","tag-xau"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111038"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111038\/revisions"}],"predecessor-version":[{"id":111049,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111038\/revisions\/111049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105524"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}