Do not just focus on the "small non-farm payroll"! Be aware of this significant risk that could cause Gold to suddenly "change dramatically". How to trade Gold prices?

#Gold Technical Analysis# 24K99 News On Wednesday (March 5), during the European market morning, spot Gold maintained a strong trend, with the price currently trading around $2921 per ounce.

FX16816:20

The future price of State Street SPDR may exceed 3,000 dollars per ounce in the next one to four months.

State Street Global Advisors SPDR published its monthly Gold Monitoring Report, predicting that international gold prices will consolidate before reaching $3,000 per ounce. Gold prices seem to be consolidating between the higher end of the firm's base case scenario for 2025 (50% probability) of $2,600 to $2,900 per ounce and the lower end of the bull market scenario (30% probability) of $2,900 to $3,100 per ounce. The firm is more inclined to believe that gold prices will break through $3,000 per ounce in the next 1 to 4 months. The report mentions that at the beginning of 2025, the Global ETF, retail in China, and global central banks regarding physical gold bars.

AASTOCKS12:31

Two big news about Trump's tariffs have just come in! After a sharp drop, Gold prices rebounded significantly, according to the chief Analyst at FXStreet's technical analysis.

During the Asian Trade session on Wednesday, spot Gold prices experienced significant fluctuations due to news regarding Trump’s tariffs. FXStreet's chief Analyst Valeria Bednarik wrote that Gold prices have retraced from this week's high, but maintain their Call tendency.

FX16812:19

The "gold bar" Trade in the USA has nearly stopped, with a significant narrowing of the price difference between COMEX and London futures.

Currently, the USA Gold reserves have reached a four-year high, and the ample inventory has reduced arbitrage opportunities; however, the high storage costs in New York may lead to Gold flowing back to London or other areas.

wallstreetcn10:00

Trump has triggered an escalation in Trade conflicts, causing Gold prices to soar nearly 25 dollars! How to trade Gold next?

On Tuesday, spot Gold prices rose significantly due to the escalation of trade conflicts after USA President Trump imposed new tariffs, a weakening of the dollar, and increased demand for safe-haven assets. David Meger, the head of metal Trade at High Ridge Futures, stated: "The implementation of tariffs has brought a high level of uncertainty to the market, and safe-haven products like Gold and Silver continue to perform well."

FX16809:35

Gold Holds Near Record High As Tariff Uncertainty Fuels Demand

Business Today08:31