Gold rallies above $3,400 as trade tensions and concerns over Fed independence fuel safe-haven demand. US Dollar weakness and softer yields continue to lend support to bullion. XAU/USD gains near 1% at the time of writing as bulls look ahead to the June swing high at $3,452. Gold (XAU/USD) is experiencing a fresh bout of…
Gold rises over 1% as the US Dollar Index drops below the 98.00 mark. Risk appetite lifts Gold as US Dollar and Treasury yields tumble on trade uncertainty. EU prepares retaliation plan as August 1 tariff deadline approaches. WSJ reports Trump advised not to fire Powell, adding pressure on Fed credibility. Gold price rallied over…
Trade policy remained fluid throughout the week. Trump reduced Indonesian tariffs to 19% from 32% and signaled progress with Vietnam, suggesting the administration may pursue bilateral agreements before implementing broader measures. June Consumer Price Index data already showed tariff-related inflation lifting costs of core goods including audio equipment and furnishings, raising questions about Federal Reserve…
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…
XAU/USD regained $3,360 after paring gains earlier, that push Gold towards $3,320. US May CPI undershoots forecasts, lifting hopes for Fed easing in September. US-China trade talks show progress, but approval is still pending from top leaders. Gold prices posted modest gained over 0.97% on Wednesday as the latest inflation report in the United States…
United States President Trump states that the US-China trade agreement is a “done deal”, lifting risk sentiment. The US Consumer Price Index data for May misses expectations, with the focus shifting to the US Producer Price Index data on Thursday. Gold prices remain above $3,300, but recent US-China trade progress limits the safe appeal of…
