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…
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…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), rose to 2.4% on a yearly basis in May from 2.3% in April, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 2.5%. Follow our live coverage of…
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 rallies from $3,343 low after ISM and ADP reports confirm US economic slowdown. Trump signs executive order raising metal tariffs to 50%, escalating US-China trade tensions. Fed officials remain cautious on easing; markets await Jobless Claims and NFP for further policy cues. Gold price rallied over 0.80% on Wednesday during the North American session….
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,…
Gold price firmly dips below $3,300 on Tuesday, unable to find quick support. Improving market sentiment due to US-EU trade talk efforts sees safe-haven demand fade. The Greenback meanwhile is rolling through markets and is acting as headwind after Japan considers reducing its debt issuances. Gold (XAU/USD) price is trading near $3,290 at the time…
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for…
Gold price attracts fresh buyers on Friday and moves closer to a two-week top set on Thursday. US fiscal concerns, US-China trade tensions, and geopolitical risks underpin the XAU/USD pair. Fed rate cut bets weigh on the USD and support prospects for further gains for the commodity. Gold price (XAU/USD) retains its intraday bullish bias…
