Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% target. XAU/USD is underpinned by fall of 10-year US Treasury yield. Gold’s price spiked during […]
Gold falls to multi-week low after US labor market data exceeds expectations. China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on XAU/USD. US Treasury yields surge with the 10-year yield up to 4.43%, bolstering the Greenback and pushing Gold’s price lower. Traders eye US inflation data and Fed policy meeting next week. […]
Gold price declines after the release of US Nonfarm Payrolls data for May, shows a higher-than-expected change in employment and wages. Gold was already trending lower after data unveiling PBoC reserves showed no change in May compared to April. Short-term technical picture remains volatile as Gold whipsaws higher and then lower. Gold (XAU/USD) falls all the […]
Gold climbs 0.54% and reaches a two-week high of $2,378. Higher-than-expected US jobless claims weaken US Dollar and stabilize Treasury yields. Traders focus on upcoming Nonfarm Payrolls; forecasts suggest 185,000 new jobs with a 3.9% Unemployment Rate. Gold hit a two-week high of $2,378 on Thursday after the US Bureau of Labor Statistics (BLS) announced […]
Silver price today: Rises on May 27
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Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $30.81 per troy ounce, up 1.50% from the $30.36 it cost on Friday. Silver prices have increased by 20.97% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $30.81 Silver price per gram $0.99 The […]
Gold climbs 0.23% on Friday but is set for weekly drop above 3%. US Durable Goods Orders exceed expectations, though March’s revised down data softened the impact. XAU/USD recovers on mixed US data that weighs on US Dollar. Traders now anticipate only 25 basis points of Fed rate cuts in 2024, reducing expectations for easing. […]
Share: This is the first time since March that Gold has fallen below $1,900. Economists at MUFG Bank analyze XAU/USD outlook. Any dips below $1,900 is viewed as a buying opportunity The Federal Reserve’s aggressive monetary policy tightening has been the biggest headwind for Gold and hence continues to struggle in this environment. […]
Share: Gold price gains some positive traction for the fourth successive day on Thursday. Concerns about a deeper global economic downturn lend support to the XAU/USD. The emergence of some US Dollar buying might cap any further gains for the metal. Gold price trades with a positive bias for the fourth successive day […]
Share: XAU/USD recovered towards $1,890, still poised for a weekly decline. China’s real state giant Evergrande filed for bankruptcy protection in a US court. Lower US yields amid risk aversion benefits Gold prices. At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a […]
Share: Gold price demonstrates a weak performance amid strength in the US Dollar. United States inflation grew at a 0.2% steady pace in July amid higher rentals. The Fed is expected to keep interest rates unchanged in September. Gold price (XAU/USD) continues its bleak performance amid headwinds of a strong US Dollar and […]
Share: Gold price seems fragile above $1,930.00 as the US labor market remains resilient while wage growth slows. Janet Yellen calls Fitch’s downgrade to US government long-term credit rating ‘entirely unwarranted’. Investors await US Services PMI, monthly Factory Orders, and weekly jobless claims data. Gold price (XAU/USD) looks supported above the immediate support […]
Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is still […]
