Gold sees a small recovery at the start of the week despite tariffs being set to hit on Tuesday. Federal Reserve rate cut bets remain the second biggest driver for higher Gold prices. The precious metal holds near the daily Pivot Point for now. Gold’s price (XAU/USD) is seeing some marginal gains on Monday after
Gold does not see a material recovery at the start of the week despite tariffs being set to hit on Tuesday. Federal Reserve rate cut bets remain the second biggest driver for higher Gold prices. The precious metal holds near the daily Pivot Point and could recover further. Gold’s price (XAU/USD) holds steady and looks
The price of gold has been a source of prosperity for the patient bulls, but the gravy train has probably left the station. Of course, we could be wrong about this, but history is on our side. Gold appears overvalued compared to most other assets, particularly silver and Treasuries. Further, speculators are already long, and
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 411.03 Malaysian Ringgits (MYR) per gram, up compared with the MYR 409.72 it cost on Friday. The price for Gold increased to MYR 4,794.20 per tola from MYR 4,778.92 per tola on friday. Unit measure Gold
Market participants will closely monitor upcoming economic data and policy signals. In particular, the release of US home sales data may influence short-term price action. Furthermore, Trump’s executive order directing a probe into copper markets adds further uncertainty, potentially affecting broader commodity prices. Moreover, with persistent inflation concerns and ongoing trade tensions, gold remains highly
Gold turned south after setting a new all-time high to begin the week. Investors will remain focused on Trump tariff talks ahead of February US employment data. The technical outlook points to a bearish reversal in the near term. Gold (XAU/USD) reversed its direction after touching a new record high on Monday and snapped an
The price of gold has been a source of prosperity for the patient bulls, but the gravy train has probably left the station. Of course, we could be wrong about this, but history is on our side. Gold appears overvalued compared to most other assets, particularly silver and Treasuries. Further, speculators are already long, and
US President Trump reiterated overnight Mexico and Canada tariffs will go into effect on March 4. US PCE data for January was no surprise for markets. Bullion is not considered a safe haven should a tit-for-tat war take place, although US yields are dropping off further. Gold’s price (XAU/USD) is getting knocked out and is
There is no denying that the current macroeconomic backdrop is fuelling a “perfect storm” for Gold positioning the precious metal firmly on track for its biggest first quarter of the year ever. Having set 39 new record highs throughout 2024 – matching the peak of the Global Financial Crisis in 2011 – the price of Gold in US Dollars
Gold price sits at two-week lows below $2,900, awaiting US PCE inflation data. US Dollar stands tall amid Trump’s tariff threats while US Treasury yields tank on dovish Fed bets. Gold price finds acceptance below the 21-day SMA at $2,890, but the daily RSI stays bullish. Gold price struggles near two-week lows below $2,900 in