Gold oscillates in a tight range after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally. Technically, XAU/USD begins a leg lower within a tight range. Gold (XAU/USD) edges lower to trade in the $2,640s per troy ounce on Thursday […]
Gold rises over 1% after Iran launched missiles at Israel, intensifying Middle East conflict. Market focus shifts from strong US jobs data to geopolitical uncertainty, driving risk aversion and boosting safe-haven demand for Gold. A daily close below $2,665 could trigger a pullback, but ongoing tensions keep bullish momentum alive for new record highs. Gold […]
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a […]
Fundamental Overview Gold has been on a sustained rally ever since the last Fed’s decision as real yields fell further due to inflation expectations rising faster than nominal yields. More recently, real yields pulled back a bit, while gold continued to print new highs. The new driver could be China as this week they started […]
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Gold’s upside despite bullish momentum. Gold price remains steadily above $2,650 for the second straight session on Wednesdayas traders […]
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to take more drastic easing measures – a positive for Gold. XAU/USD is overbought but rallying on all timeframes and, given “the trend is your friend,” it is likely to […]
Gold hits a new record high, driven by expectations of a Fed rate cut in November and falling US Treasury yields. Mixed US economic data reveals manufacturing weakness but services sector resilience, according to S&P Global Flash PMIs. Fed officials express caution about aggressive rate cuts, maintaining flexibility in policy while noting growing labor market […]
Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Safe-haven demand spikes due to escalating tension between Israel and Hezbollah. Fed Governor Waller backs 50 bps rate cut; however, dissenting Fed member Michelle Bowman prefers a smaller cut to guard against declaring an early win on inflation. Gold […]
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 357.12 Malaysian Ringgits (MYR) per gram, up compared with the MYR 356.48 it cost on Friday. The price for Gold increased to MYR 4,165.38 per tola from MYR 4,157.89 per tola on friday. Unit measure Gold […]
Fundamental Overview Last Thursday, we finally got the breakout in gold after a softer than expected US PPI report. That was kind of a strange move but eventually the momentum picked up and we got the rally into new all-time highs. Late Thursday we have also got WSJ’s Timiraos publishing an article suggesting that a […]
Gold prices rose in Saudi Arabia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 303.60 Saudi Riyals (SAR) per gram, up compared with the SAR 303.06 it cost on Wednesday. The price for Gold increased to SAR 3,541.14 per tola from SAR 3,534.86 per tola a day earlier. Unit […]
While Gold continues to hover near all-time highs, price action is actually weakening uptrend signals’ strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes. Price action is weakening uptrend signals’ strength “A break below the $2,490/oz range can now catalyze selling activity that could ultimately […]
