{"id":17389,"date":"2025-02-28T02:26:04","date_gmt":"2025-02-28T02:26:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17389"},"modified":"2025-02-28T02:26:04","modified_gmt":"2025-02-28T02:26:04","slug":"gold-poised-to-end-eight-week-rally","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/gold-poised-to-end-eight-week-rally\/","title":{"rendered":"Gold Poised to End Eight-Week Rally"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2025\/02\/gold7-1024x559.png\" alt=\"\" class=\"wp-image-16980\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-1024x559.png 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-300x164.png 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-768x419.png 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-500x273.png 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-400x218.png 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-350x191.png 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7-200x109.png 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/gold7.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Key Points:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>XAUUSD (Gold) hovers near $2,872<\/strong>, set for its first weekly decline after eight straight gains.<\/li>\n\n\n\n<li><strong>Stronger USD<\/strong> and Fed rate expectations weigh on gold, pushing it below key support while <strong>Trump confirmed tariffs<\/strong> on Canada, Mexico, and China for March 4, fueling uncertainty.<\/li>\n\n\n\n<li><strong>Upcoming US PCE inflation data<\/strong> could impact Fed rate cut bets and gold\u2019s next move.<\/li>\n\n\n\n<li><strong>China\u2019s gold imports hit a multi-year low<\/strong>, raising concerns about softening demand.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>XAUUSD (Gold) is on track to <strong>snap an eight-week winning streak<\/strong>, trading near <strong>$2,872 per ounce<\/strong> after touching a session low of <strong>$2,867.78<\/strong>. The metal has declined nearly <strong>2% this week<\/strong>, pressured by a <strong>stronger US dollar<\/strong> and profit-taking from recent highs.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold was on track for its first weekly loss this year as investors booked profits from a record-breaking rally amid increasing concern over Trump\u2019s tariff agenda <a href=\"https:\/\/t.co\/LbhCxr3yAs\">https:\/\/t.co\/LbhCxr3yAs<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1895273865892233236?ref_src=twsrc%5Etfw\">February 28, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Stronger Dollar and Tariff Uncertainty Weigh on Gold<\/h2>\n\n\n\n<p>The <strong>US dollar index (DXY) is set for a 0.6% weekly gain<\/strong>, making gold more expensive for foreign buyers. Meanwhile, <strong>Trump reaffirmed his plan to impose <a href=\"https:\/\/www.msn.com\/en-us\/money\/companies\/trump-says-25-tariffs-on-canada-mexico-will-start-tuesday-doubles-fees-on-china\/ar-AA1zUZiz?ocid=BingNewsSerp\" title=\"\">25% tariffs<\/a><\/strong> on <strong>Mexican and Canadian goods<\/strong> starting <strong>March 4<\/strong>, alongside an <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/other\/trump-plans-another-10-tariff-on-products-from-china\/ar-AA1zV5pR?ocid=BingNewsSerp\" title=\"\">additional 10% duty on Chinese imports<\/a><\/strong>. The uncertainty surrounding trade policy has heightened risk-off sentiment but failed to support bullion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-1024x446.jpg\" alt=\"\" class=\"wp-image-17390\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-1024x446.jpg 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-300x131.jpg 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-768x335.jpg 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-1536x669.jpg 1536w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-2048x892.jpg 2048w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-500x218.jpg 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-400x174.jpg 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-350x152.jpg 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/02\/1-3-200x87.jpg 200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Image: XAUUSD slips to 2871.67, testing support near 2867.78\u2013as seen on the&nbsp;<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>XAUUSD fell <strong>1.55%<\/strong>, closing at <strong>2871.67<\/strong> after opening at <strong>2916.74<\/strong>. The session reached a high of <strong>2885.08<\/strong> and a low of <strong>2871.13<\/strong>, with selling pressure dominating.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) confirm bearish sentiment as shorter-term MAs trend below the longer-term line. The MACD (12,26,9) remains in negative territory, with a slight uptick in histogram bars, indicating weakening downside momentum.<\/p>\n\n\n\n<p>Key levels to watch include <strong>2867.78<\/strong> as support and <strong>2920.83<\/strong> as resistance. A recovery above resistance may signal bullish reversal, while failure to hold support could extend declines.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">PCE Inflation Data Could Shift Fed Rate Cut Outlook<\/h2>\n\n\n\n<p>Investors are closely watching <strong>Friday\u2019s PCE inflation data<\/strong>, the Fed\u2019s <strong>preferred gauge of inflation<\/strong>. Recent <strong>weaker-than-expected US economic data<\/strong> has <a href=\"https:\/\/www.cnbc.com\/2025\/01\/28\/wall-street-still-sees-two-rate-cuts-this-year-but-conviction-is-getting-weaker-cnbc-survey-finds.html?msockid=053145c1f92a6afc17b350b2f8bd6b86\" title=\"\">bolstered expectations<\/a> of <strong>accelerated Fed rate cuts<\/strong>, which could provide some relief for gold if inflation cools.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Weaker Physical Demand Signals<\/h2>\n\n\n\n<p>Physical demand for gold remains under pressure, with <strong>China\u2019s gold imports via Hong Kong falling 44.8% in January<\/strong>, the&nbsp;<strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-january-total-gold-imports-via-hong-kong-hits-near-three-year-low-2025-02-25\/\">lowest level since April 2022<\/a><\/strong>. Meanwhile,&nbsp;<strong>Swiss data showed a 99% year-over-year drop in gold exports to China<\/strong>, signaling&nbsp;<strong>softening demand<\/strong>&nbsp;from the world\u2019s largest consumer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>XAUUSD remains <strong>bearish in the short term<\/strong>, with key <strong>support at $2,860<\/strong>. A <strong>break below this level<\/strong> could trigger further downside toward <strong>$2,850<\/strong>. On the upside, resistance is seen at <strong>$2,885<\/strong>, followed by <strong>$2,900<\/strong>. The <strong>US PCE data<\/strong> and <strong>Fed rate cut bets<\/strong> will be crucial for gold\u2019s next move.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold slips below $2,872, heading for its first weekly drop in two months as a stronger USD and Fed outlook weigh on bullion. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":16980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[7],"class_list":["post-17389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/17389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=17389"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/17389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/16980"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=17389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=17389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=17389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}