The price of Gold (XAUUSD) experienced a significant rise at the beginning of last week, continuing into the trading session on Tuesday morning (March 18, 2025). Gold reached the impressive level of $3,005 per troy ounce, marking a new all-time high. The dismal economic data from the U.S. released earlier in the week served as a catalyst for Gold’s increase.
Retail sales in February were reported to have grown by 3.1% năm này qua năm khác (YoY), which was below the dự báo of 3.5% YoY and the previous month’s figure of 4.2% YoY. Meanwhile, on a monthly basis or tháng này qua tháng khác (MoM), retail sales showed a mere 0.2% increase, again underperforming compared to the dự báo của 0,5%.
Khuyến khích
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Other data indicated that the manufacturing activity index for the New York region plummeted to -20 this month, significantly lower than the dự báo of 2 and the February reading of 5.7.
The release of these two pieces of data bolstered speculation that the U.S. economy is slowing down, leading to a heightened demand for Gold as a nơi trú ẩn an toàn. A slowdown in the U.S. economy may trigger a global ripple effect. This is due to the fact that the United States is the largest economy in the world, thus connected with other nations through trade.
An economic slowdown in the U.S. could also create greater opportunities for the Federal Reserve to reduce interest rates again, which would further enhance the positive sentiment for Gold.
