China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Gold's Rate Cut Rally: Will the Fed Play Along?
Gold hits fresh all-time high as demand for safe-haven assets increases. It hits an all-time high at $3086 and is currently trading around $3071.
The US economy is also blended: Q4 GDP expanded 2.4% on a 4% increase in consumer spending, taking the expansion for 2024 to 2.8%. Pending home sales increased 2.0% in February 2025, the first gain in three months, and initial jobless claims for the week of March 22, 2025, declined to 224,000, showing a stable labor market amid economic uncertainty
Rate Pause Expectations Rise
According to the CME Fed Watch tool, the chances of a rate pause in May 19th 2025 meeting have increased to 88.40% from 85.70% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above short term moving average 34 EMA and 55 EMA and above long-term moving averages (200 EMA) in the 4 hour chart. Immediate support is at $2995 and a break below this level will drag the yellow metal to $2985/$2956/$2920/$2900/$2880. The near-term resistance is at $3086 (trend line joining $2450 and $2790) with potential price targets at $3100/$3125.
It is good to sell on rallies around $3085-86 with a stop-loss at $3100 for a target price of $2835.
