Gold Daily | Gold Hits $2,810 Amid Tariff Uncertainty and Fed Rate Cut Expectations

【Latest Gold Price and Recent Trends】

International gold prices reached a new high, exceeding $2,810 due to heightened market uncertainties and President Trump's tariff threats. Gold rose 0.61% to $2,810.71 per ounce.

【Technical Analysis】

The upward trend in gold persists, with potential targets of $2,850 to $3,000 if momentum continues. Key support levels are at $2,773-$2,772, with further support at $2,740-$2,725.

【Market Sentiment and Economic Background】

Uncertainty surrounding U.S. tariffs on Canada, Mexico, and potentially China is driving safe-haven demand for gold. The U.S. economy showed weaker-than-expected growth, reinforcing the market's expectation for a Fed rate cut in March. The Fed held rates steady, focusing on inflation and employment data. The market awaits the core Personal Consumption Expenditure (PCE) index, a key inflation indicator, which will influence future policy.

【Analyst Opinions】

Analysts highlight that geopolitical tensions and tariff uncertainties are bolstering gold’s appeal as a safe haven. Some expect gold to reach $3,000 if inflation expectations rise or if the Fed signals policy changes. European markets note a significant gold influx into the U.S. due to potential tariffs, impacting liquidity in London. The ongoing market dynamics align with historical patterns observed during the pandemic.