The gold price was corrected from the record level of $3,058 last week. Market sentiment has shifted toward riskier assets, reducing the safe-haven appeal of gold. Several global economic factors contribute to this price action. These include hopes for Chinese economic stimulus, potential tariff adjustments by the US government, and ongoing diplomatic efforts regarding the
Gold price is experiencing a brief pause after a remarkable rally that pushed it above the $3,050 mark. Despite the slight pullback, the precious metal remains strong, driven by fundamental and technical factors. Traders are closely monitoring economic data and geopolitical developments that could influence the next move in gold prices. Economic uncertainty and geopolitical
Gold prices are rising due to growing concerns over trade tariffs and geopolitical instability. Investors seek safe-haven assets as US President Donald Trump’s tariffs on Mexico, Canada, and China take effect. The risk of a global trade war adds to market uncertainty, increasing demand for gold. Additionally, retaliatory tariffs from Canada and China fuel fears
S&P 500 again respected my supports, and even the premium given first one of 6,135 put up some fight premarket. Those that had to be respected – 6,115 and 6,125 – held with ease, and the late session S&P 500 ascent had been no surprise to clients. Even on Grok 3 release hitting META, or
Gold price (XAU/USD) continues its upward momentum, reaching a fresh record high beyond the $2,950 level during the European session. The rally is fueled by concerns that US President Donald Trump’s proposed trade tariffs could escalate into a global trade war. This uncertainty has increased demand for safe-haven assets, including gold. Additionally, a decline in
XAU/USD Gold price continues to trend higher and hit new all-time high in early Thursday trading, driven by growing uncertainty over US tariffs and turbulent pollical conditions which fueled safe-haven demand. Investors remain concerned that US tariff policies could spark a trade war and further undermine still fragile global economy. In addition, President Trump’s U-turn
The Reserve Bank of Australia (RBA) will meet this Tuesdayand is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’convinced that the central bank will reduce the Cash Rate this week, a belief basedon inflation and growth datathatdelivered printssouth of the RBA’s recent projections (released on
Stocks opened significantly lower on Monday, with the S&P 500 dipping below last Monday’s local low after the open. However, it rebounded and closed just 0.76% lower, retracing much of its initial decline. The index closed slightly below the 6,000 level. Today, the S&P 500 is expected to open virtually flat, likely extending its consolidation.
Gold prices remain near multi-month highs as traders await the Federal Reserve’s interest rate decision. Despite modest losses during the early European session on Wednesday, the price action remains strong in gold. The ongoing softness in US Treasury bond yields and the US Dollar supports gold, limiting its downside. Concerns about US President Donald Trump’s
Gold has consistently been a safe-haven asset, attracting investors during periods of economic uncertainty or geopolitical tensions. Recent developments in global trade, inflation expectations, and monetary policies have significantly impacted gold prices. On January 22, 2025, the gold market showed notable bullish momentum, driven by fundamental and technical factors. This article explores these drivers and