Gold faces selling presure on Monday at start of the week with equities dipping lower. US yields are off their year-to-date low after President Trump avoids mentioning “recession” in a press conference. Traders are mulling the upcoming Fed meeting on March 19 as the blackout period begins. Gold’s price (XAU/USD) is ticking below the $2,900
XAU/USD Gold is probably forming a descending channel but it is too early to know at this stage of course. Last week we traded in a sideways consolidation exactly as predicted. Two weeks ago I warned that we are unlikely to reach $3000 at this stage. It is likely that we must wait several days
Gold steadies and trades within a very tight range on Monday. US yields are off their year-to-date low after President Trump addressed the US economy. Traders are gearing up for the upcoming Fed meeting on March 19. Gold’s price (XAU/USD) stabilizes and consolidates within a tight range near the $2,900 level at the start of
Gold price attracts some sellers on Monday amid a modest USD bounce from a multi-month low. Worries about Trump‘s trade policies and Fed rate cut bets should lend support to the commodity. The recent range-bound price action also warrants caution before placing aggressive bearish bets. Gold price (XAU/USD) edges lower during the first half of
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