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
US President Trump made contradictive tariff comments during his first cabinet meeting. Bullion faces pressure from firm selling, profit-taking, squeezing out recent buyers in Gold. Although US yields drop off further, the precious metal has lost support for now. Gold’s price (XAU/USD) ekes out more losses and faces already more than 1% loss ahead of the American trading session on Thursday.
Gold prices fell in Malaysia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 415.03 Malaysian Ringgits (MYR) per gram, down compared with the MYR 416.82 it cost on Wednesday. The price for Gold decreased to MYR 4,840.88 per tola from MYR 4,861.65 per tola a day earlier. Unit measure
Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 5,400.44 Philippine Pesos (PHP) per gram, down compared with the PHP 5,430.83 it cost on Wednesday. The price for Gold decreased to PHP 62,991.00 per tola from PHP 63,344.18 per tola a day earlier. Unit measure
The median sales price of new homes rose to $446,300 in January, while the average price reached $510,000. The uptick in prices, despite lower sales volumes, may reflect a shift in buyer preferences toward higher-end properties or regional price differences. It also indicates resilience in home values, though sustained inventory growth could limit future price