The price of gold will slip under USD 2,910 because the US gives reflection

American payroll shows a steady boost in employment, but the Fed is not in a hurry to lower the rates.
Powell repeats that the inflation path will be “bumpy”, keeping politics for now.
PBOC adds 10 tons of gold at the beginning of 2025, while the Polish NBP buys 29 tons.

Gold prices dropped on Friday, when Greenback limits some of its losses, and the profitability of tax bonds in the US regain after issuing a report of the workplace market in the USA. At the time of writing, Xau/USD trades on USD 2,907, which is a 0.11%decrease.

The American Bureau of Labor Statistics (BLS) has published a report of the February NEFARY Payroll (NFP), which showed that the economy added more people to the labor force than in January, despite the lack of a sign. The same data showed that the unemployment rate remained at a known level with the Federal Reserve Governor (FED), Adriana Kugler, saying that employment remains above the Breakeven level.

Kugler added that uncertainty is complex for all parts of the economy. Earlier, she stated that the monetary policy would remain stable for some time and added that wages are not a source of inflationary pressure.

Recently, Fed Chairman Jerome Powell repeated that the central bank is not in a hurry with lower rates. Powell added that obtaining inflation up to 2% would be bumpy and that the central bank does not have to overdo it with one or two readings. Powell said the Fed is well prepared for monetary policy.

When asked about the Powell tariff, he said that it would turn out if they would be susceptible to inflation.

Combating geopolitical tensions constrained the bull’s progress because there was some progress in a possible consultation of weapon suspension between Ukraine and Russia. In the Middle East, US President Trump still put pressure on Hamas to free hostages.

Central banks buy gold

In the meantime, Lud’s Bank of China (PBOC) still buys gold, according to World Gold Council (WGC). PBOC increased its shares by 10 tons in the first two months of 2025. However, the largest buyer was the National Bank of Poland (NBP), which increased the reserve by 29 tons, the largest purchase since June 2019, when he bought 95 tons.

Daily Digest Market Movers: Gold Advance stops like us, real climbing

The 10-year profitability of tax bonds in the US increases by three base points to 4.318%.
The actual American, measured by the 10-year American level of securities protected by the inflation of the Treasury (tips), which correlates the opposite with gold prices, boost three and a half base point to 1.981%, wind at Xau/USD prices.
In February, the US NFP arrived at 151,000, an improvement compared to 125,000 January, but they do not meet the forecast of 160,000.
The unemployment rate increased to 4.1%, slightly above the expected 4.0%, which indicates some softening on the labor market.
The PKNOW Fed Atlanta Fed model provides GDP for Q1 2025 at -2.4%, compared to the temperature -2.8% estimated on Wednesday.
Traders from the money market valued at 69 base points in 2025, compared to 80 BPS on Thursday, through data from Main market terminal.
Source: Prime Market Terminal

XAU/USD Technical perspectives: Gold price drops, EYE $ 2,Dex sellers

Gold prices remain commercial sideways, unable to immaculate USD 2930 after a star sign by over 1.72% per month. The relative force indicator (RSI) suggests that further growth is seen as RSI, remains stubborn.

Therefore, the next XAU/USD resistance would be USD 2950, and then a record level of USD 2,954. A violation of the latter would reveal $ 3,000. And vice versa, a decrease below USD 2900 would reveal the lowest level of 28 February 2832 USD, followed by USD 2800.