The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570 […]
Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated Silver struggles due to a stronger US Dollar and rising Treasury yields. Silver prices (XAG/USD) experiences a third consecutive day […]
Crude Oil recovers from an earlier 3% drop on the back of the US presidential election falling in favor of Trump. Tropical storm Rafael’s impact for the Gulf fades into the background while Trump secures a new term as US President. The US Dollar Index rallies firmly and gains nearly 2% on Wednesday. Crude Oil […]
Here is what you need to know on Tuesday, November 5: Financial markets remain on edge as the US presidential election takes center stage, with latest polls pointing to a tight race. On Tuesday, the US economic calendar will feature Goods Trade Balance data for September and the ISM Services PMI report for October. Later […]
Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 331.06 Saudi Riyals (SAR) per gram, up compared with the SAR 330.39 it cost on Friday. The price for Gold increased to SAR 3,861.28 per tola from SAR 3,853.64 per tola on friday. Unit measure […]
Gold price trades in positive territory in Friday’s Asian session. US election uncertainty and geopolitical risks underpin the Gold price, but renewed USD might cap its upside. The US October Nonfarm Payrolls data will take center stage on Friday. The Gold price (XAU/USD) recovers some lost ground on Friday. The uncertainties surrounding the US presidential […]
Gold price consolidates near record high amid elevated US bond yields and renewed USD buying. US political jitters and Middle East tensions might continue to act as a tailwind for the XAU/USD. Traders keenly await the release of the US PCE Price Index before placing fresh directional bets. Gold price (XAU/USD) trades with a mild […]
Here is what you need to know on Tuesday, October 29: Financial markets seem to have adopted a cautious tone following Monday’s choppy action. The US economic calendar will feature Goods Trade Balance and JOLTS Job Openings data for September, alongside the Conference Board’s Consumer Confidence Index for October. Investors refrain from taking large positions […]
Silver price attracts sellers as recent US data reinforces the odds of nominal rate cuts by the Fed. The US Dollar receives support as Treasury yields continue to gain ground. The downside of the Silver could be restrained due to political uncertainty around the US presidential election. Silver price (XAG/USD) is under pressure as the […]
Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 382.88 Malaysian Ringgits (MYR) per gram, down compared with the MYR 385.08 it cost on Friday. The price for Gold decreased to MYR 4,465.78 per tola from MYR 4,491.55 per tola on friday. Unit measure Gold […]
Gold price loses momentum to around $2,735 in Monday’s early Asian session. Geopolitical risks and uncertainty around US presidential elections boost the yellow metal. Bets for a smaller Fed rate cut weigh on the USD-denominated Gold price. Gold price (XAU/USD) edges lower to near $2,735, snapping the two-day losing streak during the early Asian session on Monday. […]
WTI lacks any firm intraday direction on Tuesday amid mixed fundamental cues. Concerns about slowing demand continue to act as a headwind for Oil prices. Middle East tensions warrant some caution before positioning for further losses. West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day’s modest gains and oscillate […]
