The height of gold takes a break, is still on the way to achieve a weekly weekly progress in a row

• Gold reaches its highest level at $ 2,954 amid uncertainty in trade policy.
• Trump expands the definitions to include wood and soft commodities, which increases market anxiety.
• American data is mixed: Industrial Procurement Manager Index is improving, but the Servant Procurement Manager Index decreases.

The price of gold was late on Friday, heading to end the week positively, achieving eight consecutive weeks of gains that paid the yellow metal to the highest level ever at $ 2,954. At the time of writing this report, the Xau/USD pair is traded at $ 2,940, a decrease of 0.15%.

The narration has not changed in financial markets, as US President Donald Trump continues his speech on definitions. In addition to imposing 25% definitions on cars, medicines and chips, Trump has expanded the fees for wood and other soft goods.

This led to an increase in alloys, as investors looking for safety prompted prices up, amid uncertainty about American trade policies. Meanwhile, the geopolitics took a secondary seat as there was some progress in discussions to end the war between Russia and Ukraine, which reduced the pressure on the markets.

In terms of data, commercial activities in the United States were mixed. The manufacturing of manufacturing directors. On the contrary, the Servant Procurement Manager Index decreased for the first time since January 2023.

Other data showed that existing house sales decreased, and that the final reading of the consumer morale from the University of Michigan for the month of February has deteriorated more.

Daily market engines: The price of gold fails to take advantage of the low returns of the United States

• The return of US Treasury bonds for 10 years decreases by nine basis points (BPS) and up to 4.416%.

• The real American returns, which are linked to the price of alloys, decrease by four points to 1.996%, which is a favorable wind of alloys.
• The US company S& Plobal revealed that the manufacturing manufacturers index in February expanded to 51.6, up from 51.2, exceeding expectations. While the Servant Procurement Manager Index decreased from 52.9 to 49.7.
• The consumer confidence index from Michigan University decreased in February 71.1 to 64.7. The inflation forecast for American consumers increased for one year from 3.3% to 4.3% as expected, and for five years, installed at 3.5%, high from 3.2% that was disclosed in the previous month.
• The minutes of the Federal Reserve meeting revealed on Wednesday that Trump’s commercial and immigration policies raised concerns about high prices.
• The World Gold Council revealed that the purchases of central banks increased by more than 54% year on an annual basis to 333 tons after Trump’s victory.
• Federal funds are valid 50 basis points of facilitation from the Federal Reserve in 2025.

Technical expectations for the gold/dollar pair/USD: The price of gold faces resistance and retreat

The price of gold remains touched towards height, but the trend seems to be exhausted. The RSI Index indicates that buyers lose the land as the relative power index comes out of the purchasing saturation area, which opens the door for a decrease in alloys.

The first main support zone to be seen is $ 2,900. Once it exceeds, sellers will target the lowest level on February 14 at $ 2,877, followed by the lowest daily level on February 12 at $ 2,864. On the contrary, if the Xau/USD pair rises above $ 2,954, the first resistance will be $ 2,950, followed by $ 3,000.