{"id":17808,"date":"2025-03-06T04:15:49","date_gmt":"2025-03-06T04:15:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17808"},"modified":"2025-03-06T04:15:49","modified_gmt":"2025-03-06T04:15:49","slug":"gold-prices-hold-near-record-highs","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/gold-prices-hold-near-record-highs\/","title":{"rendered":"Gold Prices Hold Near Record Highs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-1024x559.png\" alt=\"\" class=\"wp-image-17811\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-1024x559.png 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-300x164.png 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-768x419.png 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-500x273.png 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-400x218.png 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-350x191.png 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637-200x109.png 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-06T121427.637.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold hovers above $2,920 per ounce, supported by safe-haven flows and dollar weakness.<\/li>\n\n\n\n<li>Markets await US non-farm payrolls data for insights into the Fed&#8217;s rate-cut trajectory.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Gold Strengthens Amid US Trade Policy Volatility<\/h2>\n\n\n\n<p>Gold prices edged above $2,920 per ounce on Thursday, approaching record highs, as a weaker US dollar and trade-related uncertainties bolstered demand for the safe-haven asset. The latest policy shifts from President Donald Trump added to market jitters, keeping gold well-supported.<\/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 steady near a record high, after rising more than 2% over the previous two sessions <a href=\"https:\/\/t.co\/PGuy0jwW0W\">https:\/\/t.co\/PGuy0jwW0W<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1897081024057577635?ref_src=twsrc%5Etfw\">March 5, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Trump announced a <strong><a href=\"https:\/\/t.co\/lvJwBFvsXw\">temporary one-month exemption for US automakers<\/a><\/strong> from the newly imposed 25% tariffs on Canadian and Mexican imports, offering some relief to the industry. Officials hinted at the <strong><a href=\"https:\/\/abcnews.go.com\/US\/wireStory\/trudeau-lift-canadas-retaliatory-tariffs-trump-leaves-tariffs-119479621\">possibility of removing the 10% tariff on Canadian energy imports<\/a><\/strong> if they meet trade agreement requirements. However, the broader picture remains uncertain, as the US, Canada, Mexico, and China continue to engage in tariff battles.<\/p>\n\n\n\n<p>The ongoing trade tensions have prompted <strong><a href=\"https:\/\/www.wto.org\/english\/news_e\/news25_e\/ds633oth_05mar25_e.htm\">China to file a revised consultation request<\/a><\/strong> with the World Trade Organization (WTO), challenging the latest US levies. Retaliatory measures from affected countries have further clouded the global economic outlook, reinforcing gold&#8217;s appeal as a hedge against market instability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Weakness and Fed Rate Cut Bets Support Gold<\/h2>\n\n\n\n<p>The US dollar struggled to gain momentum, providing further support for gold prices. Traders are closely watching the <strong><a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\">upcoming US non-farm payrolls (NFP) report<\/a><\/strong>, which could shape expectations for the Federal Reserve\u2019s next policy moves.<\/p>\n\n\n\n<p>Private sector employment growth slowed to a seven-month low, fueling speculation that the <strong><a href=\"https:\/\/t.co\/7pjW0XQ2xA\">Fed may lean toward further rate cuts<\/a><\/strong> to cushion the economy. However, a surprising rebound in the US services sector has suggested pockets of economic resilience, potentially complicating the Fed\u2019s decision-making process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (<strong>XAU\/USD<\/strong>) is trading at <strong>$2,924.17<\/strong>, up <strong>0.21%<\/strong> for the session. The price tested a <strong>low of $2,894.40<\/strong> before rebounding sharply toward <strong>$2,929.94<\/strong>, which now serves as the nearest resistance level. The <strong>moving averages (5, 10, 30)<\/strong> indicate consolidation, with price action stabilizing around key levels. The <strong>MACD is turning positive<\/strong>, suggesting that bullish momentum is gradually building.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"447\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-1024x447.jpeg\" alt=\"\" class=\"wp-image-17810\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-1024x447.jpeg 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-300x131.jpeg 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-768x335.jpeg 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-500x218.jpeg 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-400x175.jpeg 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-350x153.jpeg 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5-200x87.jpeg 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-5.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Gold steadies near $2,924, eyeing a breakout above $2,930, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>For further upside, <strong>a breakout above $2,930<\/strong> could lead to a test of <strong>$2,940 &#8211; $2,950<\/strong>, where sellers may re-emerge. On the downside, <strong>support remains firm at $2,894<\/strong>, and a break below this level could trigger declines toward <strong>$2,880<\/strong>.<\/p>\n\n\n\n<p>If economic uncertainty persists and the dollar remains under pressure, gold could test new highs. However, any signs of trade de-escalation or stronger-than-expected US economic data could limit further gains.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold trades above $2,920 per ounce, near record highs, as a weaker US dollar and trade uncertainty drive safe-haven demand. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":17811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[7],"class_list":["post-17808","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\/17808","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=17808"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/17808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/17811"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=17808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=17808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=17808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}