- Gold is scheduled to end the week by 0.80 % despite the decrease in Friday.
- Retail sales in the United States drowned, nourishing the weak US dollar and decreased treasury revenues.
- The price of investors is more than the reduction of the Federal Reserve, which enhances the long -term alloys.
The price of gold fell to less than 2900 dollars on Friday, however it will end with strong gains more than 0.80 %, as traders reserve profits before the weekend. Economic data was mixed in the United States (the United States), although the green running did not touch its lowest annual levels and the US treasury revenues decreased. Xau/USD is trading at $ 2,883, a decrease of 1.48 % per day.
Retail sales in the United States decreased sharply in January, which led to the establishment of Greenback, which continues to weak in all areas. However, the golden metal benefited from the merchants that retreat from their locations amid the back winds of the alloys, which usually drives prices up.
After the data, investors have reduced the interest rate by the Federal Reserve (FERED). Consequently, the T-Note returns in the United States decreased for six basis points to 4.472 %.
Other data revealed that industrial production improved in January after registering disappointing numbers in the previous month.
Daily Digest Market Movers: Gold the price of gold amid the revenues of the United States, the soft US dollar
- Treasury tanks in the United States for 10 years five basis points (BPS) and decreased by 4.48 %.
- The real returns of the United States, which are inversely linked to alloy prices, decreased four basis points to 2.041 %, which are Wind Wind for Xau/USD.
- Retail sales in the United States with which I contracted -0.9 % of my mother in January, which led to a minimum acute performance expected by -0.1 %, although the December’s progressive review increased 0.7 %.
- Industrial production grew by 0.5 % of MOM in January, which slowed the expansion of 1 % in December but exceeds an expected 0.3 % increase.
- The World Gold Council (WGC) revealed that central banks bought more than 1,000 tons of gold for the third year in a row in 2024. After Trump’s electoral victory, central bank purchases increased by more than 54 % on an annual basis to 333 tons, according to WGC data .
- The price of the future prices for the money market in the money market is 38.5 basis points of mitigation by federal reserve solutions in 2025.
Technical expectations Xau/USD: The price of gold is pulled after reaching the highest level ever
The bullish trend of gold prices is still intact, although it is recovered and has reached its lowest level for 2,878 dollars. It should be said that the RSI indicator came out of the peak land after staying there for most February. Therefore, the Xau/USD decrease may be stopped if buyers are defending the lowest daily level on February 12 of $ 2864.
This detects the first main support level as a $ 2,850 psychological brand. Once it exceeded, supporting the high cycle on October 31 at $ 2,790 is the following, followed by a decrease in January 27, which is $ 2730.
On the contrary, if buyers raised gold prices over $ 2900, the following resistance will be the high at all at $ 2942. The latter’s breach will scan the path about $ 2950, ​​followed by a 3000 dollar mark of gold.
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.
