Before the US market opened, gold prices rebounded above the $2,920 mark, reversing the previous day's decline. The rise was mainly driven by the news that the leaders of the German Green Alliance reached an agreement on defense spending, which weakened the US dollar index and created favorable conditions for gold prices. At the same time, global trade concerns also supported the performance of safe-haven assets.
From a fundamental perspective, market concerns about the outlook for the global economy have not dissipated. US President Trump said that the economy may be the first to be affected in his process of reshaping trade policy, which has raised market concerns about a potential recession. Normally, as a traditional safe-haven asset, gold may face selling pressure when the market suddenly sells off, but gold has shown strong resilience at present.
The market is now closely watching the upcoming Federal Reserve meeting on March 19. According to CME FedWatch, the market expects a 95.0% probability of keeping interest rates unchanged at this meeting. However, the probability of a rate cut at the May 7 meeting has risen to 47.8%, indicating that the market expects the Fed to start a rate cut cycle soon, which is a medium-term positive for gold.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD
From a fundamental perspective, market concerns about the outlook for the global economy have not dissipated. US President Trump said that the economy may be the first to be affected in his process of reshaping trade policy, which has raised market concerns about a potential recession. Normally, as a traditional safe-haven asset, gold may face selling pressure when the market suddenly sells off, but gold has shown strong resilience at present.
The market is now closely watching the upcoming Federal Reserve meeting on March 19. According to CME FedWatch, the market expects a 95.0% probability of keeping interest rates unchanged at this meeting. However, the probability of a rate cut at the May 7 meeting has risen to 47.8%, indicating that the market expects the Fed to start a rate cut cycle soon, which is a medium-term positive for gold.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD 
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