Bullion retreats from two-week high as US House passes debt-heavy budget. A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal. Geopolitical risks with Iran still support longer-term bullish bias for Gold. Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of…
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…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.3% on a yearly basis in April from 2.4% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 2.4%. Follow our Live Coverage here…
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 buyers regain control as risk-off sentiment spreads across financial markets. US Dollar and Treasury yields slide as traders bet on deeper Fed rate cuts. Traders brace for a crucial US data week with GDP, Core PCE and NFP in focus. Gold price resumes its uptrend on Monday after erasing some of its earlier losses,…
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…
The Japanese Yen attracts some dip-buyers and stalls its pullback from a multi-month low against the USD. Hopes for a US-Japan trade deal and rising bets for more BoJ rate hikes in 2025 continue to underpin the JPY. A positive turnaround in the global risk sentiment keeps a lid on any meaningful gains for the…
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…
