Gold price treads water below the monthly high of $2,725 early Friday. The US Dollar and Treasury bond yields sustain correction amid renewed dovish bets. Gold traders could cash in, repositioning for Trump’s inauguration on Monday. Technically, Gold price remains a ‘buy-the-dip’ trade, per the daily chart. Gold’s price has paused its three-day uptrend
Gold price sees gains limited for now, ahead of December CPI release. Tuesday’s soft PPI release triggers disinflationary expectations for the upcoming CPI release. Gold could snap above $2,700 if CPI comes in very disinflationary. Gold’s price (XAU/USD) trades flat for this week, despite a steep two-day rally above $2,680 on Wednesday, where softer-than-expected United States (US) Producer Price
In the latest episode of Live from the Vault, industry experts gathered to unpack the critical role of precious metals in today’s volatile economic environment. Featuring insights from Andrew Maguire, Andy Schectman, Craig Hemke, and Rob Kientz, this episode dives into the strategies, challenges, and trends shaping the gold and silver markets. The power of
Gold climbed on Tuesday, trading not too far away from the record peak it hit in the last session, as concerns over rising geopolitical tensions, U.S. election uncertainties and prospects of central banks lowering interest rates boosted demand. Spot gold rose 0.5% to $2,732.06 per ounce by 1143 GMT and U.S. gold futures gained 0.3%
Gold price trades with a negative bias for the fifth straight day amid smaller Fed rate cut bets. A modest USD downtick, along with geopolitical risks, could offer support to the XAU/USD. Traders look to the FOMC minutes and the US inflation figures for a fresh directional impetus. Gold price (XAU/USD) attracts some sellers for
Gold price trades with a negative bias for the sixth straight day amid smaller Fed rate cut bets. Hopes of a possible Hezbollah-Israel ceasefire further undermine the safe-haven commodity. Traders now look to the FOMC minutes for short-term impetuses ahead of the US inflation figures. Gold price (XAU/USD) fell nearly 1.5% intraday and touched a
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Gold price extends its rally in Wednesday’s Asian session. The deteriorating situation in the Middle East and the Fed’s dovish stance underpin the Gold price. Traders await the speeches from the Fed’s Waller and Bostic on Wednesday. The Gold price (XAU/USD) gains traction above $2,500 per troy ounce on Wednesday, bolstered by the escalating geopolitical
Gold prices edged lower on Tuesday following a slight recovery in the dollar, although losses were capped by investor optimism for imminent U.S. rate cuts and lingering concerns about the Middle East crisis. Spot gold was down 0.4% to $2,507.96 per ounce, as of 0238 GMT. Prices have risen more than 21.5% this year, hitting
Gold prices were little changed on Tuesday, but held above the $2,500 per-ounce psychological level on investor optimism for imminent U.S. rate cuts and lingering concerns about the Middle East conflict. Spot gold was nearly unchanged at $2,513.74 per ounce, as of 0722 GMT. Prices have risen more than 21% this year, hitting a record