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 […]
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 […]
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 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 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. […]
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the yellow metal. Gold price remains firm […]
Gold retreats from all-time high of $2,758 as US 10-year Treasury yields rise, reflecting fears of higher deficit spending under a potential Trump presidency. The US Dollar Index (DXY) hits a two-month high at 104.50, further weighing on Gold as risk appetite shifts toward safe-haven currencies. Traders now price in a 92% chance of a […]
Gold trades just below its record high, down 0.09%, as US Treasury yields rise over 10 basis points, reaching 4.192%. Safe-haven flows continue amid Middle East hostilities and US election uncertainty with polls showing a tight race between Harris and Trump. Fed officials hint at gradual rate cuts, but a 25 bps cut at the […]
Gold rises 0.98%, reaching $2,720 as geopolitical tensions and US election concerns drive demand for safe-haven assets. Falling US Treasury yields and the weakening US Dollar further boost Bullion prices, with the US Dollar Index dropping to 103.45. Analysts predict continued Gold gains with Citi’s Max Layton forecasting prices could reach $3,000 an ounce within […]
