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 […]
Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also […]
Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic strength. Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields. Traders continued to […]
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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 recovers after the steep sell-off on the previous day amid rising safe-haven flows. Hopes of a ceasefire in the Middle East were dashed after Hezbollah launched a rocket attack, killing seven people in northern Israel. Gold could be impacted by the release of US Nonfarm Payrolls data on Friday as it could change the […]
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 […]
Gold climbs to new ATH at $2,774 as mixed US data bolsters expectations of a Fed rate cut in November. Safe-haven demand remains strong amid heightened Middle East conflict, Ukraine war, and rising odds for a Trump victory in US elections. Investors await key economic data this week, including GDP, Nonfarm Payrolls, and the PCE […]
Gold pushes higher after Oil plummets
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Gold rises after Oil prices cascade due to Israel’s decision not to target Iranian Oil facilities in its recent bombing raid. Cheaper Oil is likely to keep global inflation capped, leading to lower interest rates, which is positive for Gold. XAU/USD trades up to the top of a mini range, consolidating within a longer-term bullish […]
Gold weakens after the China Gold Association highlights a drop in the consumption of Gold for jewelry. The rising price of Gold is posited as the main reason behind the reduction in demand. XAU/USD remains within the confines of a mini range, consolidating within an overall bullish trend. Gold (XAU/USD) falls to trade in 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 […]
