The golden rally takes breath, still heading at eight -straight weekly advances

Gold affects the highest level of USD 2954 among the uncertainty of commercial policy.
Trump is expanding the tariffs to the sawmill and cushioned goods, adding chills of the market.
Mixed data in the USA: PMI production is improving, but PMI agreements.

The price of gold moves tardy on Friday, ready to finish the week positively, collecting eight straightforward weeks of profits that pushed yellow metal to the highest levels of USD 2,954. At the time of writing, Xau/USD trades on USD 2,940, which is a 0.15%decrease.

The narrative of financial markets has not changed when US President Donald Trump continues to rhetoric associated with tariffs. In addition to applying 25% tariffs on cars, pharmaceuticals and tokens, Trump expanded their duties to wood and other cushioned goods.

This fueled a rally at ore prices, because investors looking for security increased prices due to the uncertainty of commercial policy in the USA. Meanwhile, geopolitics took the second stage, because in the discussion there was some progress to end the war of Russia-Ukraine, which softened the markets.

In terms of data, business activity in the United States was mixed. Production PMI has improved. And vice versa, PMI services have fallen for the first time since January 2023.

Other data has shown that the existing sales of houses have dropped, and the final reading of the Sentiments of consumer consumer of the University of Michigan (UOM) from February deteriorated.

Daily Digest Market Movers: The price of gold does not apply us, gives a decline

The 10-year profitability of tax bonds in the US decreases nine base points (BPS) and gives 4.416%.
American reasons, which correlate the opposite with crushing prices, fall four base points to 1.996%, which is the wind on bull prices.
The US S&P Global revealed that PMI production in February expanded to 51.6, compared to 51.2, exceeding the forecasts. PMI services dropped from 52.9 to 49.7.
The University of Michigan’s consumer sentiments index in February fell from 71.1 to 64.7. The expectation of American consumers inflation for one year increased from 3.3% to 4.3%, as scroll, and for a period of five years are anchored at 3.5%, compared to 3.2% in the previous month.
The Federal Reserve meeting from Wednesday revealed that Trump’s trade and immigration policy fueled concerns about rising prices.
The World Gold Council revealed that the purchases of the central bank increased by over 54% y / y to 333 tons after Trump’s victory.
Fed Funds Federal funds are valued at 50 base points facilitating by the FED in 2025.

XAU/USD Technical perspectives: Golden price face -to -face resistance and retreat

The price of gold remains biased, but the trend seems exhausted. The relative force indicator (RSI) suggests that the buyers lose their ground, leaving the RSI from excessive territory opening the door to withdraw in the bull’s prices.

The first key support area to which $ 2,900 should be viewed. After exceeding, the sellers would head to the lowest level of the swing on February 14 in the amount of USD 2,877, followed by the lowest level on February 12 $ 2,864. And vice versa, if Xau/USD increases by USD 2,954, the first resistance would be the psychological USD 2950, followed by 3000 USD.