{"id":17666,"date":"2025-03-04T10:41:27","date_gmt":"2025-03-04T10:41:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/the-gold-price-approaches-2920-as-renewed-usd-selling-prompts-a-retreat-from-earlier-gains\/"},"modified":"2025-03-04T10:41:27","modified_gmt":"2025-03-04T10:41:27","slug":"the-gold-price-approaches-2920-as-renewed-usd-selling-prompts-a-retreat-from-earlier-gains","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/bm\/live-updates\/the-gold-price-approaches-2920-as-renewed-usd-selling-prompts-a-retreat-from-earlier-gains\/","title":{"rendered":"The gold price approaches $2,920 as renewed USD selling prompts a retreat from earlier gains."},"content":{"rendered":"

The US Dollar remains weak, affecting its value, while expectations of prolonged higher interest rates from the Federal Reserve may restrict gold’s gains. <\/p>\n

Economic Impact Of Interest Rates<\/h3>\n

Recent tariffs imposed on Mexico and Canada and the potential for reciprocated tariffs from China contribute to market apprehension. <\/p>\n

Economic indicators remain a central focus. The latest ISM Manufacturing PMI slipped to 50.3 in February, barely holding in expansion territory, suggesting the economy is not firing on all cylinders. <\/p>\n

Key Technical Levels To Watch<\/h3>\n

Traders will be paying close attention to upcoming key releases, especially the Nonfarm Payrolls report. Any surprises there could alter the outlook for both the dollar and gold, shifting short-term expectations.<\/p>\n

Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold prices rise to $2,918-2,919 amid economic concerns, weak USD, and geopolitical tensions, facing resistance at $2,900.<\/p>\n","protected":false},"author":2,"featured_media":16974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-17666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/17666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/comments?post=17666"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/17666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media\/16974"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media?parent=17666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/categories?post=17666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/tags?post=17666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}