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…
Federal Reserve’s Chair Jerome Powell discussed the US economic outlook at the Economic Club of Chicago. Key Quotes Well positioned to wait for greater clarity before considering any changes to policy stance. US economy ‘solid’ despite heightened uncertainty, downside risks. At or near maximum employment, inflation a bit above 2% goal, has come down a…
EUR/USD rebounds from the intraday low of 1.0765 after the release of the US PCE inflation data for February. The European Commission plans consessions for the US to escape Trump’s reciprocal and auto tariffs. Inflation in Spain and France grew at a moderate pace in March. EUR/USD bounces back as the Euro’s (EUR) recovers strongly after…
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…
Gold fluctuates around $3,035–$3,050, gaining after Fed holds rates and slows balance sheet reduction. Powell cites rising economic uncertainty and tariff-driven inflation; Fed anticipates two rate cuts in 2024. Geopolitical tensions mount as Russia-Ukraine ceasefire talks stall and Israel intensifies airstrikes, boosting safe-haven demand. Gold prices rallied sharply and hit a new all-time high of…
EUR/USD posts a fresh year-to-date high above 1.0700 as the US Dollar weakens amid uncertainty over US growth prospects. US President Trump reiterates that reciprocal tariffs to take effect on April 2. The ECB is expected to reduce interest rates by 25 bps on Thursday. EUR/USD rallies to near 1.0720 in Wednesday’s North American session, the highest level…
