The US Dollar stabilizes on Wednesday after a sharp three-day decline. US President Donald Trump announces a $550B trade deal with Japan, easing trade tensions. Political pressure mounts on Fed Chair Powell; Trump calls him a “numbskull.” The US Dollar (USD) is edging lower on Wednesday, extending its three-day slide as traders continue to tread…
Gold price plunges as risk-sentiment eases after Trump announces an extension of the tariff deadline. Expectations of Fed interest rates continue to weigh on bullion ahead of the FOMC Meeting Minutes scheduled for release on Wednesday. XAU/USD slips below $3,300, opening the door for a test of triangle support near $3,280. Gold (XAU/USD) is weakening…
Gold price edges lower on Tuesday amid diminishing odds for a rate cut by the Fed in July. Concerns about the economic fallout from Trump’s tariffs weigh on investors’ sentiment. The emergence of some USD weakness contributes to limiting losses for the XAU/USD pair. Gold price (XAU/USD) sticks to modest intraday losses through the early…
Gold price dives to a fresh monthly low and seems poised to register heavy weekly losses. Fed rate cut bets and a bearish USD do little to lend support to XAU/USD or stall the downfall. Traders look forward to the release of the US PCE Price Index for a fresh directional impetus. Gold price (XAU/USD)…
Gold price comes under renewed selling pressure despite a combination of supporting factors. The Fed’s hawkish stance acts as a tailwind for the USD and weighs on the XAU/USD pair. Trade uncertainties and rising geopolitical risks could support the safe-haven precious metal. Gold price (XAU/USD) is seen consolidating its intraday losses to over a one-week…
Gold prices trade flat as markets balance the Fed’s data-dependent stance with rising geopolitical risks. The US Dollar temporarily stalls as US President Trump meets with his national security team to discuss the next steps in addressing the Israel-Iran conflict. XAU/USD trades in a narrow range as markets await developments on Middle East tensions Gold…
Gold price attracts some dip-buyers on Tuesday, though the uptick lacks bullish conviction. The USD sticks to modest intraday gains and caps the XAU/USD pair amid trade optimism. Fed rate cut bets, US fiscal concerns, and geopolitical risks lend support to the commodity. Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from…
Gold price slumps to near $3,280 despite trade tensions between the US and China have renewed. US Appeals court lifts the ban on Trump’s tariffs temporarily. The US core PCE inflation grew moderately by 2.5%, as expected, on year in April. Gold price (XAU/USD) slides to near $3,280 during North American trading hours on Friday,…
Officials from the Federal Reserve indicated during their most recent meeting that they might encounter “difficult trade-offs” in the upcoming months, with rising inflation occurring alongside increasing unemployment. This perspective was supported by projections from Fed staff that highlighted heightened risks of a recession, as revealed in the newly released Minutes from the May 6-7…
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…
