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- Xau/USD is pressed through the Federal Falcon Reserves tone and liquidity crisis.
- The tariff of Powder signs can interact, reduce the rate of cooling in bets and gold prices.
- The Financial Times reports face hedge boxes the largest margin calls since Covid, which raised the liquidation of forced assets.
Gold price (Xau) extended its losses on Friday and decreased to its lowest level in seven days of $ 3,015 before recovering some land, following a letter from the Federal Reserve Chairman (Fed) Jerome PowellThis indicates that inflation can interact due to definitions. Xau/USD is trading at $ 3,029, a decrease of 2.70 %.
Financial market disturbances continued amid the escalation of the trade war between the United States (the United States) and China. Besides, the Powell Powell poured into the federal reserve -softening stakes, commenting that the customs tariff is likely to have an impact on the American economy, including slower growth and high inflation.
An article on Financial Times (FT) revealed that hedge funds have reached the most important margin calls since Covid-19, after the day of Trump’s liberation.
“We tend to see gold As a liquid origin that is used to meet the margin calls elsewhere, so it is not unusual for gold to be sold after a risk occurrence given the role it can play in a wallet. “
In terms of data, the US economic Dockket appeared for a strong job report, highlighting that private companies rented more than 200,000 people in March. The unemployment rate rose up, but Bloomberg stated that “it was often wrong in approximation.”
The price of money market traders was more than 1 % of the Federal Reserve Reduction by 2025, according to the data provided The main market station.
Source market source
The recession fears were ignited as shown by US10s to 3 months the reflection of the return curve, with the latter paying 25 basis points more than the return in the United States for 10 years.
next week , American economic list It will contain the FBI speakers, the latest minutes of the Federal Open Market Committee (FOMC), and the issuance of inflation data on both the consumer and the product.
Daily Digest Market Mows: Gold prices weighing the power of the US dollar
- The T-Note returns in the United States decreases for three basis points to 4.00 %. The real returns of the United States can accommodate four Pion per second to 1.718 %, according to the United States protected by the United States for 10 years.
- The US dollar index (DXY), which tracks Pak’s performance against a basket of six currencies, collects more than 1.14 % to 103.09, which exercises pressure on alloys.
- Powell commented at Fold Bank that monetary policy is suitable because it is awaiting clarity before considering interest rate adjustments. He said: “The definitions are likely to cause inflation in the next seasons; there are more possible effects.”
- Powell added that the economic outlook is very unconfirmed and that although the economy is in a good place, it has increased the risk of the downside.
- The non -cultivated salaries in March exceeded 135 thousand and rose by 228 thousand, largely exceeding 151 km February. The unemployment rate in the United States increased from 4.1 % to 4.2 %.
Technical expectations Xau/USD: The price of gold fell to less than 3,050 dollars
Gold wanders at the time of writing this report, as sellers continue to pay prices to a decrease, as they look forward to challenging $ 3,000. RSI, although upward, is about to cross without its neutral level, which can be the latest sign that gold is ready to withdraw.
If gold printed a daily closure less than $ 3000, the next support will be the simple moving average for 50 days (SMA) at $ 2937, followed by 2900 dollars. On the other hand, if the Xau/USD edges are higher, buyers must restore $ 3100 to restore control.
Common Gold questions
Gold played a major role in human history, as it was widely used as a store for value and exchange. Currently, regardless of its brilliance and use of jewelry, the precious metal is widely seen as a safe asset, which means it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against currency decline because it does not depend on any specific source or government.
Central banks are the largest gold holders. In their goal to support their currencies at troubled times, central banks tend to diversify their reserves and buy gold to improve the powerful power and currency. High gold reserves can be a source of confidence to the dissolved country. Central banks added 1136 tons of gold worth $ 70 billion to their reserves in 2022, according to the data of the Golden Golden Council. This is the highest annual purchase since the start of the records. Central banks of emerging economies such as China, India and Turkey increase their gold reserves.
Gold has a counter -relationship with the US dollar and the United States Treasury, which is one of the main reserves and safe assets. When the dollar decreases, gold tends to rise, allowing investors and central banks to diversify their assets at turbulent times. Gold is inversely associated with the origins of the risk. The assembly in the stock market weakens the price of gold, while sales in the most dangerous markets tend to prefer precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can escalate the price of gold due to its safe situation. As a lower asset than the return, gold tends to rise with low interest rates, while the high cost of money usually reaches the yellow metal. However, most moves depend on how the US dollar (USD) is behaved as the original is priced in dollars (Xau/USD). The strong dollar tends to maintain the price of gold -controlled gold, while the weakest dollar is likely to increase the price of gold.
