{"id":17618,"date":"2025-03-04T03:31:07","date_gmt":"2025-03-04T03:31:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17618"},"modified":"2025-03-04T03:31:07","modified_gmt":"2025-03-04T03:31:07","slug":"gold-climbs-up-as-trade-uncertainty-lingers","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-climbs-up-as-trade-uncertainty-lingers\/","title":{"rendered":"Gold Climbs Up as Trade Uncertainty Lingers"},"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\/gold10-1024x559.png\" alt=\"\" class=\"wp-image-16983\" \/><\/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) rose to $2,888<\/strong>, extending its rebound from a low of <strong>$2,832.62<\/strong> earlier this week.<\/li>\n\n\n\n<li>A stronger <strong>U.S. dollar capped gains<\/strong>, but inflation risks kept demand intact as <strong>Trump confirms 25% tariffs on Mexico and Canada<\/strong>, with China levies doubled to 20%.<\/li>\n\n\n\n<li><strong>Reciprocal tariffs set for April 2<\/strong>, fueling trade war fears and safe-haven demand.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Gold Gains Amid Trade War Concerns<\/h2>\n\n\n\n<p>XAUUSD (Gold) climbed to <strong>$2,888 per ounce<\/strong> on Tuesday, as traders assessed <strong>global trade risks<\/strong> and inflation pressures. The metal rebounded from its weekly low of <strong>$2,832.62<\/strong>, supported by <strong>persistent economic uncertainty<\/strong>.<\/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 steadied after an advance when Trump confirmed he would impose tariffs on trading partners <a href=\"https:\/\/t.co\/KfUtrSjTxy\">https:\/\/t.co\/KfUtrSjTxy<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1896721036961345639?ref_src=twsrc%5Etfw\">March 4, 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\">Technical Analysis: The Bullion Shines Slightly Brighter<\/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\/4.3_2-1024x446.jpg\" alt=\"\" class=\"wp-image-17621\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: XAUUSD rises to 2888.13, nearing resistance at 2895.22 with bullish momentum, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em>.<\/p>\n\n\n\n<p>XAUUSD gained <strong>1.12%<\/strong>, closing at <strong>2888.13<\/strong> after opening at <strong>2856.19<\/strong>. The price reached a high of <strong>2893.73<\/strong> and a low of <strong>2881.97<\/strong>, reflecting steady bullish momentum.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) indicate an uptrend, with short-term MAs staying above the longer-term average. The MACD (12,26,9) histogram shows bullish strength but has started to flatten, suggesting a possible slowdown.<\/p>\n\n\n\n<p>Key support is at <strong>2832.62<\/strong>, while <strong>immediate resistance is at $2,895\u2013with support holding near $2,880<\/strong>. A break above <strong>$2,900<\/strong> could signal further upside, while failure to hold above support may expose the downside.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Strength Caps Bullion\u2019s Upside<\/h2>\n\n\n\n<p>Despite the recovery, <strong>a stronger U.S. dollar<\/strong> kept gold&#8217;s rally in check. <strong>Trump <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/trump-says-canada-mexico-tariffs-will-take-effect-no-room-left-for-talks\/ar-AA1Aa7Xc?ocid=BingNewsSerp\" title=\"\">reaffirmed a 25% tariff<\/a><\/strong> on Mexico and Canada while <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/china-says-it-will-retaliate-after-trump-announces-tariffs-will-double\/ar-AA1Abuz1?ocid=BingNewsSerp\" title=\"\">doubling China tariffs<\/a> to 20%<\/strong>, adding to market caution.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>Market participants are closely watching <strong>Wednesday\u2019s ADP employment report<\/strong> and <strong>Friday\u2019s NFP data<\/strong>, as any <strong>weak economic prints could reinforce Fed rate cut expectations<\/strong>, supporting gold.<\/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","protected":false},"excerpt":{"rendered":"<p>Gold rises to $2,888 as trade risks support safe-haven demand; traders eye U.S. jobs data for next move. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":16983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-17618","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\/17618","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=17618"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/17618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16983"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=17618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=17618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=17618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}