• The price of gold gains positive adhesion on the third day in a row and climbs to a two -week level.
• Fear of the trade war and the Fed -Statopes are betting on the XAU/USD factories in front of the American PPI.
• The modest USD growth prevents bulls from placing fresh plants and limiting precious metal.

The price of gold (Xau/USD) retains its positive prejudice in the first half of the European session on Thursday and remains in a record extent of a record high affected on February 24. Permanent concerns about the potential economic fall from the aggressive commercial policy of the US President Donald Trump brings the benefits of secure ores for the third period of order. In addition, the growing acceptance that the Federal Reserve (FED) will reduce interest rates several times this year among the anxiety about the slowdown of the US economy.

Meanwhile, the American dollar (USD) gains some positive adhesion and aims to leave the lowest level from October 16. This, in turn, can stop traders from placing fresh stubborn plants around the price of gold and limiting any further appreciation of traffic. Nevertheless, the fundamental background suggests that the path of the lowest resistance for the Xau/USD pair remains depending. Investors are now expecting an American manufacturer’s price index (PPI) to get brief -term possibilities later at the early North American session.

Daily Digest Market Movers: Gold Price sticks to profits because the growing commercial voltages compensate for the modest raise in USD

• The uncertainty around the aggressive commercial tariffs of US President Donald Trump fuels concerns about the potential economic slowdown and continues to push investors towards customary secure assets.
• 25% of Trump’s tariff for all imports of steel and aluminum came into force on Wednesday. In addition, Trump threatened to respond to all remedies announced by the European Union and Canada.
• On Wednesday, the European Commission said that the EU would impose tariffs on American goods worth $ 28 billion from the next month, while Canada announced a 25% tariff for American goods worth over $ 20 billion.
• Adding to this, a cooler American inflation report published on Wednesday, he raised market plants for three cuts of 25 base rates by a federal reserve at monetary policy meetings in June, July and October.
• The report published by the American Bureau of Labor Statistics (BLS) showed that the main indicator of consumer prices (CPI) softened more than expected, up to 2.8% y / RW February with 3% in the previous month.
• Adding to this, the basic indicator, which excludes unstable prices of food and energy, increased by 3.1% per year in a given month, which means a slowdown from 3.3% registered in January.
• The American dollar indicator, which measures green in relation to the currency basket, leaves the lowest level from October 16, although it does not make it arduous to make it arduous to make a three -day raise in the amount of gold.
• Traders now expect an American economic document, with the manufacturer’s price index (PPI), for a fresh impulse and get brief -term possibilities later during the North American session.

The price of gold is approaching the peak of all time around the area of ​​USD 2956; Bulls are not ready yet to give up

From a technical point of view, he remained outside 2 928-2 930 levels of the horizontal barrier supports the perspective of the approach to undermining the comprehensive peak, around USD 2956 affected by February 24. Considering that the oscillators on the daily table stay comfortably in positive territory and are still away from being in the excessive zone, and some perceived as freshness for Randa. This, in turn, will prepare the ground for the extension of the recent well -established uptrende, which testified to the last three months.

On the other hand, a resistance point of 2,930-2 828 USD now seems to protect a direct minus, below which the price of gold can speed up sliding back in the direction of 2912-2 910 USD indirect support on the way to the figure of a round of USD 2900. Then there is a weekly low, around 2800 USD. Then a zone with a value of USD 2,860, which, if it has definitely broken, could pave the way for deeper losses. The Xau/USD pair can then move towards the swing at the end of February, around $ 2 833-2 832 $ region before it finally drops to $ 2800.