Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 21,182.51 Pakistani Rupees (PKR) per gram, up compared with the PKR 21,124.04 it cost on Monday. The price for Gold increased to PKR 247,069.70 per tola from PKR 246,386.70 per tola a day earlier. Unit measure […]
Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions for April and May indicate an accelerating labor market cooldown. US Dollar Index (DXY) declines 0.16% to 104.95; 10-year Treasury yield drops more than six basis points to 4.284%. The […]
Gold price continues with its struggle to gain any meaningful traction on Friday. Investors opt to wait on the sidelines ahead of the release of the US NFP. September Fed rate cut bets undermine the USD and lend support to the metal. Gold price (XAU/USD) extends its consolidative price move during the Asian session on […]
Gold prices edge up 0.15% amid thin trading on US Independence Day. XAU/USD reached a two-week high of $2,365 Wednesday, driven by weak US jobs data and heightened Fed rate cut expectations. Traders shift focus to Friday’s Nonfarm Payrolls report, following the US holiday closure. Gold prices registers minimal gains on Thursday amid thin liquidity […]
Gold falls 0.28%, reacting to Powell’s ECB forum remarks. Powell is cautiously optimistic on disinflation, emphasizes need for more progress before rate cuts. US Treasury yields steady, while US Dollar fluctuates in familiar range. Strong US labor data: Job vacancies exceed expectations, highlighting economic resilience. Gold price slid during the North American session as market […]
Gold falls from daily highs, pressured by elevated US Treasury yields. May US PCE Index meets forecasts, fuels hope for 2024 Fed rate cuts. US 10-year yield hits 4.339%, a high since June 12; DXY at 105.80, down 0.08%. Gold prices retreated during Friday’s session after an inflation report revealed progress in the disinflationary process […]
Gold is likely to witness increased volatility after the US PCE inflation data release on Friday. A lower PCE reading would support the yellow metal as it would, in turn, result in lower interest rates – a benefit to non-yielding Gold. XAU/USD has broken above a key trendline, further invalidating the bearish H&S topping pattern […]
Gold reverses gains after hitting daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US Dollar, with the DXY rising 0.14% to 105.80. Mixed US economic data keeps Fed rate cut speculation alive. Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the […]
Gold pares earlier gains on Friday following the release of higher-than-expected US PMI data. The data showed US Manufacturing and Services activity remaining strong, suggesting inflation and interest rates will remain higher for longer. XAU/USD’s break above key resistance invalidates the bearish Head-and-Shoulders pattern that formed on the daily chart. Gold (XAU/USD) has reversed earlier […]
Gold price resumes upside on Thursday amid September Fed rate-cut bets. Geopolitical risks and political uncertainty in Europe also lend support to the XAU/USD. Stabilizing US Dollar alongside the US bond yields rebound keep Gold price below the 50-day SMA. Gold price (XAU/USD) holds near a one-week top in the Asian session on Thursday, lacking bullish […]
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $29.20 per troy ounce, down 0.89% from the $29.46 it cost on Monday. Silver prices have increased by 14.64% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $29.20 Silver price per gram $0.94 The […]
Gold price edges lower to $2,325 in Monday’s early Asian session. The hawkish Fed continues to underpin the Greenback and drag USD-denominated Gold lower. The Eurozone political concerns might boost the safe-haven flows and cap the downside for yellow metal. Gold price (XAU/USD) trades on a softer note near $2,325 during the early Asian trading […]
