Gold retreats from its all-time high

GOLD

Gold is trading around the $2,890 support level, and this area is likely to limit the pace of the decline during today’s trading.

Gold prices witnessed a significant decline today, Thursday, February 27, 2025, in both global and local markets. The spot gold price fell by 0.4% to reach $2,905.64 per ounce, influenced by a 0.2% rise in the US dollar index and an increase in 10-year US Treasury yields, which reduced gold’s appeal as a safe-haven asset for investors.

Investors are eagerly awaiting the release of the US Personal Consumption Expenditures (PCE) index report, scheduled for tomorrow, to assess the inflation trajectory and determine the Federal Reserve’s monetary policy direction. Expectations indicate that the monthly index will remain at 0.3%, with a slight possibility of the core index rising to 0.3%.

Overall, the gold market is influenced by multiple factors, most notably US dollar movements, changes in bond yields, and global economic and political developments. Therefore, investors are advised to closely monitor economic updates to make well-informed investment decisions.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.