Money and business
The price of gold continues to rise, supported by the decline in the dollar and increasing recession fears
The price of gold increased during Wednesday’s trading, supported by the decline in the US dollar and the decline in the real American returns, which usually moves inversely with the prices of gold bars, according to the “Fxstreet” platform specialized in gold analyzes and global currencies.
More demand for gold
The markets witnessed support for the demand for the precious metal after an unexpected rise in inflation expectations in the United States, as a result of commercial policies that affected globally. Gold rose 0.26% to trade at $ 3018 an ounce, in light of the variation of American stocks between limited gains and losses.
Also read: Why is gold a good safe haven yet despite its high prices?
Ability stagnation expectations
The data issued by the “Conference Board” showed a decline in the US consumer confidence index to 92.9 points in March, compared to 100.1 points in February, which is the lowest level in more than four years, reflecting families’ fears of potential economic stagnation amid high inflation readings. This data indicated the increasing expectations of an inflationary recession in the coming period.
Anxiety inside the federal reserve
Some members of the Federal Reserve expressed concern about the acceleration of inflation, as Adriana Koger, the Federal Governorate, warned of the high prices of basic commodities, noting the acceleration indicators in some sub -groups. John Williams, head of the New York Federal, also stated that American companies and families are facing an increasing amount of ambiguity on the economic future.
Also read:
According to the “Prime Market Terminal” data, the financial markets have set about 64.5 basis points as the total expected reduction in American interest rates during 2025.
Market performance supports gold gains
The returns of US Treasury bonds witnessed for ten years a three -year decrease to 4.308%, while real returns decreased to 1.956%. The US dollar index (DXY) also fell 0.15% to 104.15 points, which strengthened the attractiveness of gold for international investors.
In the same context, Rafael Posic, the head of the Federalism in Atlanta, said he supports only one reduction in interest rates during 2025, expecting that inflation will not return to its targeted levels before 2027.
Gold adheres to the upward direction
Technically, the bullish trend of gold is still existing, although investors hesitated to achieve a daily closure above the level of $ 3036, which is the highest level this week. It is possible if it exceeds that the price targets $ 3057, before heading towards the level of $ 3100 an ounce.
Landing scenario: 3000 dollar levels under observation
On the other hand, if the price of gold decreases below 3000 dollars, the market may test the support level at 2956 dollars, which is the level recorded on February 24, then the level of $ 2900, and if the decline continues, it may reach 2874 dollars.
More demand for gold
The markets witnessed support for the demand for the precious metal after an unexpected rise in inflation expectations in the United States, as a result of commercial policies that affected globally. Gold rose 0.26% to trade at $ 3018 an ounce, in light of the variation of American stocks between limited gains and losses.
Also read: Why is gold a good safe haven yet despite its high prices?
Ability stagnation expectations
The data issued by the “Conference Board” showed a decline in the US consumer confidence index to 92.9 points in March, compared to 100.1 points in February, which is the lowest level in more than four years, reflecting families’ fears of potential economic stagnation amid high inflation readings. This data indicated the increasing expectations of an inflationary recession in the coming period.
Anxiety inside the federal reserve
Some members of the Federal Reserve expressed concern about the acceleration of inflation, as Adriana Koger, the Federal Governorate, warned of the high prices of basic commodities, noting the acceleration indicators in some sub -groups. John Williams, head of the New York Federal, also stated that American companies and families are facing an increasing amount of ambiguity on the economic future.
Also read:
According to the “Prime Market Terminal” data, the financial markets have set about 64.5 basis points as the total expected reduction in American interest rates during 2025.
Market performance supports gold gains
The returns of US Treasury bonds witnessed for ten years a three -year decrease to 4.308%, while real returns decreased to 1.956%. The US dollar index (DXY) also fell 0.15% to 104.15 points, which strengthened the attractiveness of gold for international investors.
In the same context, Rafael Posic, the head of the Federalism in Atlanta, said he supports only one reduction in interest rates during 2025, expecting that inflation will not return to its targeted levels before 2027.
Gold adheres to the upward direction
Technically, the bullish trend of gold is still existing, although investors hesitated to achieve a daily closure above the level of $ 3036, which is the highest level this week. It is possible if it exceeds that the price targets $ 3057, before heading towards the level of $ 3100 an ounce.
Landing scenario: 3000 dollar levels under observation
On the other hand, if the price of gold decreases below 3000 dollars, the market may test the support level at 2956 dollars, which is the level recorded on February 24, then the level of $ 2900, and if the decline continues, it may reach 2874 dollars.
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