Gold prices target 2800 dollars and appointed investors on the interest decision

Gold prices remained stable to trade at $ 2738.90 an ounce (an ounce) amid a state of momentum and global changes marketing, commercially and geopolitically, and now the precious metal prices aim to reach a new record, with investors awaiting the Federal Reserve decision on US interest rates to be issued today, Wednesday, according to I did not mention the FX Larers platform.

Gold prices rise

The metal achieved the price of $ 2738.90 an ounce with 0.2% gold futures in the United States increased to 2743.10 dollars.

The cause of the height

Analysts are monitoring the next monetary policy decision of the US Federal Reserve, as interest rates are expected to remain unchanged.
However, President Donald Trump’s efforts to reduce interest rates may affect future monetary policy.
Also read: Amid expectations to reduce American interest .. Gold maintains its gains

Useful expectations and boost gold prices

“If Jerome Powell refers to a possible reduction in interest rates, this may lead to a reduction in treasury revenues and the promotion of gold.”
Waterter added that the level of $ 2,800 is a possible goal for gold in the near term due to its attractiveness in low interest rates.

Market morale due to Deep Cick

Meanwhile, the market morale is weak after the on Monday sales and which raised the low -cost -cost artificial intelligence model “Deep CIK”, which shook the American markets in a large and global manner.
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Technical forecast for gold

Gold faces critical technical levels after breaking the upward trend line at $ 2745. The moving average of 50 days at $ 2749.58 works as a resistance, indicating the importance of caution for optimistic traders to climb.
On support levels, analysts say they see that the immediate support force is determined at the level of $ 272.30, with more declines to levels of 2703.72 dollars and 2689.31 dollars.
As for the levels of resistance, on the upper side, gold faces resistance at the level of 2763.13 dollars, followed by the level of 2782.49 dollars, and the level of 2797.09 dollars.
The closure below $ 2745 may indicate a declining momentum, while restoring this level may lead to price stability.

Global market trends affecting gold

China’s pure gold imports via Hong Kong decreased by 84% in December to reach their lowest levels since April, this decrease sheds light on weak demand even while supporting the state of global uncertainty for gold harms.

Prices of other precious metals

For other minerals, palladium and platinum faces a reduction in price expectations for 2025 due to poor demand.
Palladium prices decreased by 0.4% to 957 dollars, while platinum decreased by 0.4% to 943.35 dollars.
The Russian company “Nurnich” announced a 3% increase on an annual basis in the production of palladium, to total production of 2.762 million ounces in 2024.
On the other hand, silver fell 0.4% to trading at $ 30.07 an ounce.