Gold rises for the third straight day and looks to book weekly gains on Friday. The US Dollar rebounds sharply as President Trump announces new tariffs and fuels trade war fears. Gold price regains 50-day SMA as the daily RSI climbs back above the midline. Gold price remains on track for weekly gains, extending its
Gold price rises to near $3,340 as Trump’s fresh tariff threats have increased demand for safe-haven assets. US President Trump imposes 35% tariffs on Canada and prepares to announce additional duties on the EU. Investors shift their focus to the US inflation data for June. Gold price (XAU/USD) extends its winning streak for the third
Gold price attracts buyers for the third straight day, though the upside seems limited. Rising trade tensions offset a broadly firmer USD and remain supportive of the move. Reduced Fed rate cut bets might hold back the XAU/USD bulls from placing fresh bets. Gold price (XAU/USD) is gaining positive traction for the third consecutive day
XAU/USD Current price: $3,314.85 Rallying US equities undermine demand for the bright metal. Hawkish comments from Fed officials and risks of higher rates hit Gold. XAU/USD retreated from around $3,300 and gains downward traction. Gold price advanced throughout the first half of the day, but retreated in the American session, towards the current $3,310 a
Gold price scales higher for the second straight day amid a combination of supporting factors. Trade jitters act as a tailwind for the safe-haven XAU/USD pair on the back of a softer USD. Declining US bond yields and Fed rate cut bets further benefit the non-yielding yellow metal. Gold price (XAU/USD) is building on the
Gold Bulls lose grip as $3300 psychological handle fails to hold as support. Strong selling pressure forces Gold to drop to $3282 Bounce back off the lows lacked conviction as relief rally loses steam at $3310 Any resumed rebound attempt faces strategic hurdle at $3307-$3310 Rejection from resistance calls for yet another retest of $3282-$3278-$3273
Gold price drops below $3,300 as investors start digesting global trade risk. Trump prepares to announce new tariff rates for over seven countries. Investors await the release of the FOMC minutes. Gold price (XAU/USD) slips below the round-level support of $3,300 on Wednesday. The precious metal faces selling pressure ahead of the announcement of new
XAU/USD Current price: $3,298.70 Uncertainty related to US President Trump’s tariffs policies undermine the mood. The Federal Open Market Committee will release the Minutes of the June meeting. XAU/USD is firmly bearish in the near term and could fall towards $3,247. Gold price kept struggling to regain its shine, unable to recover beyond the $3,350
Gold price falls sharply to near $3,300 as the US Dollar performs strongly across the board. The US Dollar trades firmly ahead of US tariff deadline on July 9. Traders pare Fed dovish bets on better-than-projected US NFP data for June. Gold price (XAG/USD) is down almost 0.8% to near $3,300 during the European trading
Gold price attempts a tepid bounce amid US holiday-thinned market conditions and cautious mood. US Dollar fades post-NFP recovery rally as US fiscal and tariff concerns dampen sentiment. Gold price faces rejection at 23.6% Fibo resistance, will the 50-day SMA support hold? The daily RSI flirts with the midline. Gold price has stalled its pullback