Gold price pulls back after touching a two-week top earlier this Thursday, though the downside seems limited. US fiscal concerns and Fed rate cut bets continue to weigh on the USD, and should lend support to the XAU/USD pair. Renewed US-China trade tensions and geopolitical risks might also contribute to limiting any meaningful slide. Gold…
Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering…
Gold price drifts lower as signs of easing US-China trade tensions undermine safe-haven demand. The USD reverses a part of the overnight slide and exerts additional pressure on the XAU/USD pair. Fed rate cut bets might cap the USD and help limit losses for the commodity amid geopolitical risks. Gold price (XAU/USD) recovers slightly from…
Gold price sinks over 5% after hitting a new all-time high at $3,500 on Tuesday. US President Trump hints on lowering tariffs for China and confirms Fed’s Powell to stay in function. Markets buy into the turnaround, with equities and bonds higher, safe haven Gold punished. Gold price (XAU/USD) heads towards $3,322 on Wednesday at…
Gold rallied sharply on the back of these developments, touching a record $3,086.97 and posting its fourth straight weekly gain. The inflation hedge narrative is reasserting itself as real yields stay low and macro uncertainty increases. Fed Stance Offers Little Relief for Bears The Federal Reserve held rates steady and signaled a dovish tilt, with…
Gold price regains positive traction on Thursday as rising trade tensions boost safe-haven demand. A modest USD pullback from a multi-week top and Fed rate cut bets also back the XAU/USD pair. Traders look to Thursday’s US macro releases for some impetus ahead of the US PCE data on Friday. Gold price (XAU/USD) maintains its…
Gold price edges higher and snaps a three-day losing streak amid a softer USD. Bets that the Fed will resume its rate-cutting cycle soon also support the bullion. Traders now look to Tuesday’s US macro data and Fed speak for a fresh impetus. Gold price (XAU/USD) sticks to modest intraday gains through the early European…
Weak US data and tariff threats boost hopes for a Federal Reserve interest rate cut. Gold price consolidates the prior day’s losses and is looking for support on Wednesday. Market sentiment tries to snap Tuesday’s negativeness and could support Gold price. Gold’s price (XAU/USD) trades near $2,910 at the time of writing on Wednesday, consolidating its…
Gold price enters a bullish consolidation phase after touching a fresh all-time peak on Friday. Rebounding US bond yields underpin the USD and cap the upside for the XAU/USD pair. Traders now look forward to the release of the US PCE Price Index for a fresh impetus. Gold price (XAU/USD) extends its sideways consolidative price…
Gold price pops to 2,685 on the back of a strong US Jobs report. The Fed remains data dependent despite market conviction inflation will surge in 2025. Gold attempts to breakout towards $2,700, with help of the upbeat US employment report. Gold’s price (XAU/USD) is set to close off this week on a high note while…
