{"id":18162,"date":"2025-03-12T05:47:16","date_gmt":"2025-03-12T05:47:16","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=18162"},"modified":"2025-03-12T05:47:16","modified_gmt":"2025-03-12T05:47:16","slug":"gold-holds-advances-us-trade-uncertainty-in-focus","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/gold-holds-advances-us-trade-uncertainty-in-focus\/","title":{"rendered":"Gold Holds Advances, US Trade Uncertainty in Focus"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-10-1-1024x559.png\" alt=\"\" class=\"wp-image-18164\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold stabilises near $<strong>2,916<\/strong>, retaining recent session gains.<\/li>\n\n\n\n<li>Prices supported by ongoing US tariff uncertainties.<\/li>\n\n\n\n<li>Traders await US CPI data to gauge Fed&#8217;s next moves.<\/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 Holds Recent Gains Above $2,910<\/h2>\n\n\n\n<p>Gold prices stabilised around $<strong>2,916.24 <\/strong>per ounce on Wednesday, consolidating gains of roughly <strong>1% <\/strong>made in the previous session. Prices briefly fell to a session low of $<strong>2,910.85 <\/strong>before climbing back, reflecting cautious optimism among traders. <strong>Persistent uncertainty about US trade policy<\/strong> continues to <strong>drive demand for safe-haven assets<\/strong>, boosting gold&#8217;s appeal in the short term.<\/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 decoding=\"async\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/12.3_2-1024x450.jpg\" alt=\"\" class=\"wp-image-18171\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: XAUUSD steadies near 2,920 as traders assess market risks and technical resistance, as seen on the\u00a0<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>XAUUSD (Gold) edged slightly higher, closing at <strong>2,916.24<\/strong> after opening at <strong>2,915.67<\/strong>. The price tested a high of <strong>2,922.14<\/strong> before pulling back to a session low of <strong>2,910.85<\/strong>, indicating a period of consolidation as traders weigh broader market conditions.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) reflect a stabilizing trend, with short-term MAs holding above the longer-term average, supporting a cautious bullish bias. The MACD (12,26,9) histogram shows signs of flattening, suggesting momentum is cooling after recent gains.<\/p>\n\n\n\n<p><strong>Key support<\/strong> is found at <strong>2,880.23<\/strong>, with a break below potentially opening the door for deeper declines. <strong>Immediate resistance<\/strong> is at <strong>2,922.14<\/strong>, with further upside possible if bullish momentum strengthens. Market participants will be closely watching macroeconomic developments for directional cues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">US Trade Policies Drive Market Sentiment<\/h2>\n\n\n\n<p>Market uncertainty intensified after US President Donald Trump initially <strong>threatened to double tariffs on Canadian steel and aluminium<\/strong> to 50%, specifically targeting Ontario. However, Trump later <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/trump-halts-doubling-of-tariffs-on-canadian-metals-after-ontario-suspends-electricity-price-hikes\/ar-AA1AH1ov?ocid=BingNewsSerp\" title=\"\">eased these threats<\/a>, bringing temporary relief to markets. Ontario Premier Doug Ford reciprocated by suspending a planned 25% surcharge on US electricity exports, reducing immediate geopolitical tensions.<\/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\">Ontario\u2019s premier repeated that he\u2019s willing to shut off electricity exports to the US to send a message to the White House after President Donald Trump said he\u2019ll double tariffs on Canadian steel and aluminum to 50%. <a href=\"https:\/\/t.co\/ugumy3tWBz\">https:\/\/t.co\/ugumy3tWBz<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1899501542136242211?ref_src=twsrc%5Etfw\">March 11, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Despite easing concerns, the unpredictability of US trade policy remains. Traders are concerned that inconsistent tariff announcements and shifting policies could trigger a US recession, further supporting gold prices.<\/p>\n\n\n\n<p>Additionally, geopolitical risk premiums softened slightly after the <strong>US agreed to <a href=\"https:\/\/www.nytimes.com\/2025\/03\/11\/briefing\/us-aid-ukraine-trump-canada-tariffs.html\">resume military aid and intelligence cooperation with Ukraine<\/a><\/strong>, contingent upon Kyiv accepting a US-proposed 30-day ceasefire with Russia.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>Traders are now focused on upcoming US CPI data, scheduled for release later today. This data will provide insight into future Federal Reserve monetary policy decisions, potentially influencing gold\u2019s direction. <\/p>\n\n\n\n<p>A higher-than-expected CPI figure could increase the likelihood of tighter monetary policy, placing some downward pressure on gold. Conversely, weaker inflation numbers may reinforce gold\u2019s bullish momentum, given expectations of a more cautious Fed stance.<\/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","protected":false},"excerpt":{"rendered":"<p>Gold steadies near $2,916 per ounce as traders evaluate US trade uncertainty and await pivotal US CPI inflation data. -vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":19164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[7],"class_list":["post-18162","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\/18162","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=18162"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/18162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/19164"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=18162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=18162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=18162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}