- Gold strikes the highest new level ever, as Trump’s tariff threatens fears of the trade war.
- Federal reserve minutes reveal concerns about the risk of inflation, which increases the average forecast.
- Traders Eye Us Noples claims and S& P Global Flash PMi for more market signals.
Gold prices fell on Wednesday during the North American session after the recent monetary policy records of the Federal Reserve showed that all policy makers voted to keep Rates Without a change in the January meeting. Xau/USD is traded by about $ 2925, a decrease of 0.31 %.
The minutes showed that feeding Officials have ruled the dual risks of the state to be almost balanced, while “some of the participants referred to possible changes in trade and immigration policy as the ability to hinder the inflation process.” Participants noted that some measures of inflation expectations “recently increased.”
Earlier, gold reached the highest new level of $ 2946 during the European session after that US (The United States) President Donald Trump revealed that he will impose 25 % definitions on cars, pharmaceutical preparations and chips.
The metal that does not carry yields rose in the scenario of the trade war. However, it has turned into negativity after the federal reserve minutes were launched.
The market participants will see the issuance of the unemployed demands for the initial work last week and the S & PLABAL Flash PMI.
Daily Digest Market Movers: Steam price losses after reaching a high degree of record
- Treasury bonds in the United States decrease for 10 years, at a basis and a half point (BPS) and gives 4.535 %.
- The real returns of the United States, which are related to the price of alloys, drops two and a half widespread points to 2.072 %, which is an opposite wind of alloys.
- Because of the weather disorders, US housing slipped in January from 1.515 million to 1.366 million, or 9.6 %.
- American construction permits improved for the same period, increasing from 1.482 million to 1.483 million, an increase of 0.1 %.
- Goldman Sachs A to the highest Xau/USD price to $ 3,100 by the end of the year, where the investment bank said, “The demand for the higher central bank in terms of structurally” will add 9 % to the price of the non -fortified metal.
- The World Gold Council (WGC) revealed that central banks bought more than 54 % year on year to 333 tons after Trump’s victory, according to their data.
- Money prices in the money market, pricing prices at 40 basis points of mitigation by the Federal Reserve Bank in 2025.
Technical expectations xau/USD: Gold faces face resistance to move and retreat
The price of gold remains biased in it, although during the past seven days, it has been unable to scan an obstacle of $ 2950. The price procedures appear to be exaggerated, and more promoted by buyers who lose Steam.
RSI is about to get out of the peak purchase area, which may lead to low gold prices. The first support will be the decrease in the February 14 oscillation of $ 2877, followed by the lowest daily level on February 12 of $ 2,864.
On the other hand, then Xau/USD Beyond $ 2946, the first resistance is $ 2950, followed by $ 3,000.
Common Gold questions
Gold played a major role in human history, as it was widely used as a store for value and exchange. Currently, regardless of its brilliance and use of jewelry, the precious metal is widely seen as a safe asset, which means it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against currency decline because it does not depend on any specific source or government.
Central banks are the largest gold holders. In their goal to support their currencies at troubled times, central banks tend to diversify their reserves and buy gold to improve the powerful power and currency. High gold reserves can be a source of confidence to the dissolved country. Central banks added 1136 tons of gold worth $ 70 billion to their reserves in 2022, according to the data of the Golden Golden Council. This is the highest annual purchase since the start of the records. Central banks of emerging economies such as China, India and Turkey increase their gold reserves.
Gold has a counter -relationship with the US dollar and the United States Treasury, which is one of the main reserves and safe assets. When the dollar decreases, gold tends to rise, allowing investors and central banks to diversify their assets at turbulent times. Gold is inversely associated with the origins of the risk. The assembly in the stock market weakens the price of gold, while sales in the most dangerous markets tend to prefer precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can escalate the price of gold due to its safe situation. As a lower asset than the return, gold tends to rise with low interest rates, while the high cost of money usually reaches the yellow metal. However, most moves depend on how the US dollar (USD) is behaved as the original is priced in dollars (Xau/USD). The strong dollar tends to maintain the price of gold -controlled gold, while the weakest dollar is likely to increase the price of gold.
2025-02-19 23:05:31
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