Meanwhile, Platinum ETFs and institutional positioning have surged, with investment demand forecast to hit 688,000 ounces in 2025. Analysts at TD Securities warn that ETF accumulation is now draining the free float – setting up the potential for tightening liquidity and a short-squeeze. Platinum’s Supply Crisis Is Accelerating The bullish setup doesn’t stop at demand.
At 13:31 GMT, XAU/USD is trading $3358.24, down $12.14 or -0.36%. Federal Reserve Pushback on Rate Cuts Weighs on Gold The latest FOMC statement reinforced the Fed’s cautious stance, maintaining rates in the 4.25%–4.50% range. However, it also reduced the number of anticipated rate cuts this year, citing a challenging economic environment. Traders trimmed long
Gold extends its reversal as a brighter market sentiment is undermining demand for safe assets. Hopes of a negotiated outcome in the Middle East war are feeding a mild appetite for risk on Friday. XAU/USD is under a growing bearish momentum after breaking below the wedge pattern. Gold (XAU/USD) is trading lower on Friday as
Moreover, the 2025 GDP growth outlook was lowered to 1.4% due to uncertain trade policies and economic challenges in the US and China. Meanwhile, unemployment is expected to rise to 4.5%. These projections reflect a cautious stance, maintaining tight monetary policy and limiting gold’s rally. The US Dollar Index rebounded from the 98 support level,
Yet the West is set to moderate, potentially capping gains. Weather-driven demand is clearly boosting bullish sentiment in the short term, but gains may hinge on whether elevated temperatures persist beyond the current forecast window. Will the EIA Storage Report Inject Volatility? Traders are bracing for potential volatility with the release of Wednesday’s EIA storage
Gold price edges higher during the Asian session, though it lacks follow-through buying. Trade uncertainties and rising geopolitical risks underpin the safe-haven precious metal. The Fed’s hawkish pause lifts the USD to over a one-week high and caps the XAU/USD. Gold price (XAU/USD) attracts some dip-buying during the Asian session on Thursday and recovers a
What to know about jury duty in Delaware Here are some tips and information about what to do when you receive a jury summons in the mail in Delaware. Robert Higgins, 69, received a 65-year sentence for defrauding investors of $76 million in gold and silver. Prosecutors highlighted Higgins’ lavish lifestyle, funded by the stolen
NEW YORK: Gold is expected to sink back below US$3,000 an ounce in the coming quarters as a record-setting rally runs out of steam, according to Citigroup Inc, calling time on one of the standout rallies in commodities. “Our work suggests that gold returns to about US$2,500 to US$2,700 an ounce by the second half
XAU/USD Gold could not hold above 3435/3430 & broke minor support at 3412/08 for a sell signal, hitting the next downside target of 3390/86, with a low for the day at 3382. Below 3382 today targets 3372/68. A break below 3363 is a sell signal targeting 3349/45. It’s difficult to identify decent opportunities as we
Silver edges higher on Tuesday, though it remains confined in a multi-day-old range. The bullish technical setup supports prospects for an eventual break to the upside. A corrective slide below the $36.00 mark might still be seen as a buying opportunity. Silver (XAG/USD) extends its sideways consolidative price move for the third consecutive day and