{"id":29780,"date":"2025-08-28T10:04:46","date_gmt":"2025-08-28T10:04:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=29780"},"modified":"2025-08-28T10:04:46","modified_gmt":"2025-08-28T10:04:46","slug":"gold-holds-2-week-peak-ahead-of-u-s-inflation-data","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-holds-2-week-peak-ahead-of-u-s-inflation-data\/","title":{"rendered":"Gold Holds 2-Week Peak Ahead of U.S. Inflation Data"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/download-15-1024x559.png\" alt=\"\" class=\"wp-image-20104\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold trades at <strong>$3,399.60<\/strong>, after touching a two-week high of <strong>$3,401.73<\/strong>.<\/li>\n\n\n\n<li>Markets price in an <strong>87% chance<\/strong> of a September <strong>25bp Fed cut<\/strong>, CME FedWatch data show.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold held firm on Thursday, consolidating near its highest level in over two weeks as the dollar softened and traders awaited Friday\u2019s U.S. Personal Consumption Expenditures (PCE) inflation report.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust Federal Reserve Governor Lisa Cook <a href=\"https:\/\/t.co\/HHTe7mZzDu\">https:\/\/t.co\/HHTe7mZzDu<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1960507945189249182?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Spot gold traded at <strong>$3,399.60<\/strong> per ounce, with U.S. futures up 0.2% at <strong>$3,456.20<\/strong>.<\/p>\n\n\n\n<p>The dollar index slipped <strong>0.1%<\/strong>, easing pressure on gold priced in the greenback. Economists expect July\u2019s PCE to rise <strong>2.6%<\/strong>, matching June\u2019s pace.<\/p>\n\n\n\n<p>Markets are already pricing in an <strong><a href=\"https:\/\/t.co\/NqzB0iVqq5\" target=\"_blank\" rel=\"noopener\" title=\"\">87% probability of a 25bp rate cut<\/a><\/strong> at the Fed\u2019s September meeting, while New York Fed President John Williams added that rates \u201ccould likely fall at some point\u201d but stressed that incoming data will shape decisions.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Fed&#39;s John Williams stresses independence as Trump moves to fire Lisa Cook <a href=\"https:\/\/t.co\/JkOapOM9th\">https:\/\/t.co\/JkOapOM9th<\/a><\/p>&mdash; CNBC (@CNBC) <a href=\"https:\/\/twitter.com\/CNBC\/status\/1960694894483116078?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, President Trump\u2019s move to dismiss Fed Governor Lisa Cook has raised concerns over central bank independence, indirectly bolstering gold\u2019s safe-haven appeal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (XAU\/USD) has been consolidating after its strong rally from February\u2019s low at 2,730 to the April peak of 3,500.<\/p>\n\n\n\n<p>Since then, price action has flattened, moving sideways between 3,250 and 3,400 for several months, with neither bulls nor bears able to take control.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-21-1024x445.jpg\" alt=\"\" class=\"wp-image-29781\" \/><figcaption class=\"wp-element-caption\">#image_title<\/figcaption><\/figure>\n\n\n\n<p>The moving averages (5, 10, 30) are clustered together and largely horizontal, showing a lack of clear trend direction. The MACD remains flat near the zero line, further highlighting the indecision in the market.<\/p>\n\n\n\n<p>Key resistance remains at 3,400\u20133,500, and a clean breakout above this zone would signal renewed bullish momentum with potential toward fresh highs.<\/p>\n\n\n\n<p>On the downside, support lies at 3,250, with a break lower opening risk toward 3,150.<\/p>\n\n\n\n<p>Until either boundary is broken, gold is likely to continue trading in this tight consolidation range, with upcoming US economic data, central bank commentary, and global risk sentiment likely to provide the next catalyst.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If PCE inflation surprises higher, gold could retreat back toward <strong>$3,350<\/strong> as yields and the dollar firm. A softer print would reinforce dovish Fed bets, opening the door for a breakout toward <strong>$3,420\u2013$3,500<\/strong>.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XAU\/USD steadies at $3,399 as traders await PCE inflation for Fed policy cues and watch Fed independence concerns. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":20104,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-29780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/29780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=29780"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/29780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/20104"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=29780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=29780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=29780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}