The precious metal being firmly supported by “a multitude of bullish tailwinds” including President Trump’s tariff’s, which threatens to ignite a new era of trade wars and global uncertainty. Last Wednesday, Trump hot-listed Europe as his next target – announcing plans to impose 25% tariffs on imports from the European Union. As President Trump’s erratic
Gold faces some further pressure after the Trump administration loosens tariff pressure for Mexico and Canada. US yields have recovered a touch while Fed’s Waller sees chances for two or even three rate cuts this year. Traders brace for the Nonfarm Payrolls release for February this Friday. Gold’s price (XAU/USD) stabilizes and seems to be
Moreover, Mali, a major gold producer, has halted permits for small-scale mining for foreign nationals. This decision could tighten supply, adding pressure to prices. Meanwhile, copper surged over 5% as Trump hinted at a potential 25% tariff on imports. With reciprocal tariffs and global economic uncertainty, gold remains a key asset for investors hedging against
Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,145.09 Indian Rupees (INR) per gram, down compared with the INR 8,153.50 it cost on Thursday. The price for Gold decreased to INR 95,002.70 per tola from INR 95,100.79 per tola a day earlier. Unit measure
Gold price edges lower on Friday amid some repositioning ahead of the crucial US NFP release. Rising trade tensions, the risk-off mood, and a weaker USD lend support to the precious metal. Bets for more interest rate cuts by the Fed contribute to limiting losses for the XAU/USD pair. Gold price trades with a mild
Gold trades around $2,900 on Thursday as tariff tensions start to ease a bit. The delay for automaker US tariffs on Mexico and Canada has led to a shift in Treasury yields. Traders are betting on multiple Fed rate cuts while US economic data is deteriorating. Gold’s price (XAU/USD) is softening a touch to around
Gold prices remained broadly unchanged in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 415.01 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 415.25 it cost on Monday. The price for Gold was broadly steady at MYR 4,840.52 per tola from MYR 4,843.36 per tola
Gold prices fell in Pakistan on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 26,021.12 Pakistani Rupees (PKR) per gram, down compared with the PKR 26,064.46 it cost on Tuesday. The price for Gold decreased to PKR 303,505.30 per tola from PKR 304,010.70 per tola a day earlier. Unit measure
Silver price extends the rally to near $32.15 in Wednesday’s early European session, up 0.90% on the day. The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator. The immediate resistance level emerges at the $33.00-$33.05 region; the key support level to watch is in the $31.15-$31.00 zone. Silver
Gold set for a near 1% on Tuesday after US President Trump presses tariff button. Canada set to impose 25% retaliatory tariffs from Tuesday, China is set to slap 15% levies on US agricultural goods from March 10. US yields tanked again on Tuesday, hitting a near 5-month low at 4.11%. Gold’s price (XAU/USD) stretches