Below are some pointers that influence Gold prices internationally and further analysis of what can be expected in the week of 10th to 16th March 2025.
US Government policy: The tariff announcements have led to the rally so far and profit booking happened last week (also, market is factoring ceasefire in the Russia - Ukraine war and release of Israeli hostages).
US monetary policy: Although job data in Feb was below expectations, Powell urged for patience on rate cuts as Fed is watching inflationary affect of the tariff wars. This had actually increased US Treasury yields last week and hence capped Gold prices last week.
As per last week's news and analysis, we can expect Gold to be steady next week
But, certain items can affect an upward jolt mid week:
1. US inflation data for Feb: It is expected to be 0.3%. But if it is higher, it can move Gold price up.
2. Any further unpredictable announcements on Tariff wars can push Gold price up.
3. Any strong indications from Europe to increase funding of Ukraine war can also have an affect.
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