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…
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 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 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…
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…
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 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…
