ING: Although gold was sold off, it has partially recovered its losses and underlying demand remains strong.

Golden Ten Data reported on April 16 that gold remained steady above $4,800/ounce, supported by optimism from US-Iran negotiations and a retreat in oil prices. Analysts at ING Group stated: "Although gold experienced a significant sell-off due to liquidity pressures, the losses have been partially recovered as growth concerns re-emerge and price volatility becomes less extreme. Rising real interest rates, a stronger US dollar, and profit-taking may put pressure on short-term performance, but the recent pullback indicates underlying demand remains robust."