{"id":17292,"date":"2025-02-27T04:01:30","date_gmt":"2025-02-27T04:01:30","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17292"},"modified":"2025-02-27T04:01:30","modified_gmt":"2025-02-27T04:01:30","slug":"gold-slides-below-2910-as-stronger-usd-weighs","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-slides-below-2910-as-stronger-usd-weighs\/","title":{"rendered":"Gold Slides Below $2,910 as Stronger USD Weighs"},"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-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/gold2-1024x559.png\" alt=\"\" class=\"wp-image-16975\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>XAUUSD (Gold) dropped to $2,907.83<\/strong>, extending losses from Monday\u2019s high of <strong>$2,944.77<\/strong>.<\/li>\n\n\n\n<li><strong>Stronger US dollar<\/strong> weighed on prices as investors locked in profits while <strong>Trump\u2019s shifting tariff policies<\/strong> on Canada, Mexico, and the EU added uncertainty.<\/li>\n\n\n\n<li><strong>Markets eye key US economic data<\/strong>, including Q4 GDP and PCE inflation report.<\/li>\n\n\n\n<li><strong>China\u2019s gold imports plunged<\/strong>, signaling weaker demand.<\/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 (<strong>XAUUSD<\/strong>) declined to <strong>$2,907.83<\/strong> on Thursday, pressured by <strong>a stronger US dollar<\/strong> and <strong>shifting trade policies<\/strong>. The metal extended its pullback from Monday\u2019s high of <strong>$2,944.77<\/strong>, as investors reassessed risks ahead of <strong>key US data releases<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis: XAUUSD Struggles Below $2,920<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/2-2-1024x446.jpg\" alt=\"\" class=\"wp-image-17293\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: XAUUSD consolidates near <strong>2907.83<\/strong>, with support at <strong>2888.19<\/strong> in focus\u2013as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>XAUUSD dipped <strong>0.25%<\/strong>, closing at <strong>2907.83<\/strong> after opening at <strong>2915.07<\/strong>. The session recorded a high of <strong>2920.83<\/strong> and a low of <strong>2904.30<\/strong>, with price action showing consolidation near key levels.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) suggest a neutral to slightly bearish momentum as the shorter-term MAs hover around the price. The MACD (12,26,9) histogram remains flat, signaling indecisiveness and low volatility.<\/p>\n\n\n\n<p>Key levels to watch include <strong>2888.19<\/strong> as support and <strong>2944.77<\/strong> as resistance. A sustained move above resistance could trigger bullish momentum, while a break below support may invite further selling pressure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Tariff Uncertainty Keeps Markets on Edge<\/h2>\n\n\n\n<p>On Wednesday, <strong>President Trump introduced uncertainty<\/strong> over trade tariffs, pushing back <strong>Canada and Mexico&#8217;s tariff deadline<\/strong> to <strong>April 2<\/strong> from the previously set <strong>March 4 date<\/strong>. Meanwhile, he proposed a <a href=\"https:\/\/finance.yahoo.com\/news\/live\/live-trump-threatens-tariffs-on-canada-mexico-and-eu-in-coming-weeks-191201753.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&amp;guce_referrer_sig=AQAAAKxrIxRyaosblL04y0YYa6qGw3LENifWWvAOu9nPK7PUod8wRNZK7oB_9RyVR7aw6UBSMLR_swk5HfjW6aCW8fo3RCtw8NAbQaD3bs7Gbco7X9te5di4zq18SwChPHvDDzbNMacF9ua9NJxnA5P7gfai2v9LRWMMiAg33Mk8HD2p\" title=\"\"><strong>25% &#8220;reciprocal&#8221; tariff<\/strong> <\/a>on <strong>EU cars and goods<\/strong>, further unsettling market sentiment.<\/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\">\ud83d\udd0a <a href=\"https:\/\/twitter.com\/Breakingviews?ref_src=twsrc%5Etfw\">@Breakingviews<\/a>: The US president imposed tariffs on Mexico, Canada, steel, and aluminum, with threats of more. Few are active yet. Sam Lowe of Flint Global discusses these levies and their impact on global trade, in The Big View podcast <a href=\"https:\/\/t.co\/V0I19Jj05v\">https:\/\/t.co\/V0I19Jj05v<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1894439740805410884?ref_src=twsrc%5Etfw\">February 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Key Economic Data in Focus<\/h2>\n\n\n\n<p>Traders are now <strong>awaiting key US economic data<\/strong>, including the <strong>second estimate of Q4 GDP growth<\/strong> later today and the <strong>PCE price index<\/strong> on Friday\u2014the <strong>Federal Reserve\u2019s preferred inflation gauge<\/strong>. <\/p>\n\n\n\n<p>Weaker-than-expected data has <a href=\"https:\/\/www.cnbc.com\/2025\/01\/28\/wall-street-still-sees-two-rate-cuts-this-year-but-conviction-is-getting-weaker-cnbc-survey-finds.html?msockid=053145c1f92a6afc17b350b2f8bd6b86\" title=\"\">reinforced <strong>expectations for two 25-bps rate cuts<\/strong><\/a> this year, with the next one likely in <strong>July<\/strong>. However, <strong>inflationary risks from tariffs could still impact the Fed&#8217;s stance<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Weaker Physical Demand Signals<\/h2>\n\n\n\n<p>In the <strong>physical gold market<\/strong>, <strong>China&#8217;s gold imports via Hong Kong fell 44.8% in January<\/strong>, the <strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-january-total-gold-imports-via-hong-kong-hits-near-three-year-low-2025-02-25\/\" title=\"\">lowest level since April 2022<\/a><\/strong>. Meanwhile, <strong>Swiss data showed a 99% year-over-year drop in gold exports to China<\/strong>, signaling <strong>softening demand<\/strong> from the world\u2019s largest consumer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>XAUUSD remains <strong>vulnerable to further declines<\/strong> as long as <strong>USD strength persists<\/strong>. However, if <strong>PCE inflation data<\/strong> supports <strong>Fed rate cut bets<\/strong>, gold could <strong>find support and rebound<\/strong>. <\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XAUUSD slides below $2,910 as USD strength and tariff risks pressure gold; traders eye US PCE inflation data for direction. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":16975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-17292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/17292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=17292"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/17292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16975"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=17292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=17292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=17292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}