In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation to a guilty child refusing
XAU/USD Current price: $2,505.91 The US Dollar eases further after a downward revision to job creation data. The Federal Open Market Committee will release the Minutes of the July meeting. XAU/USD corrective decline may continue, but a steeper decline is out of the picture. XAU/USD trades with modest losses mid-Wednesday, confined to a tight intraday
Gold price trades close to record highs near $2,500 early Monday. The US Dollar sees fresh selling amid risk appetite, sluggish US Treasury bond yields. Dovish Fed bets heighten ahead of Chair Jerome Powell’s speech and FOMC Minutes. Gold price charted a symmetrical triangle breakout on Friday, with upside bias still intact. Gold price is
Google searches for the phrase “How To Trade Gold” are now back at the highest level seen in over a decade! This comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing asset classes of 2024. Gold’s meteoric rise to
Gold price failed to build on the overnight positive move in the wake of the upbeat US data. Easing US recession fears boost investors’ confidence and contribute to capping the metal. Geopolitical risks and bets on an imminent start of the Fed’s rate-cutting cycle lend support. Gold price (XAU/USD) attracted some dip-buying near the $2,432
XAU/USD Current price: $2,457.30 Financial markets welcomed US data pushing away recession-related fears. Stock markets are rallying with optimism, with US indexes challenging fresh weekly highs. XAU/USD holds within familiar levels, buyers still take their chances on dips. Spot Gold trades with modest gains in the American afternoon, having experienced some early volatility. XAU/USD fell
Gold price regains some positive traction following the overnight post-US CPI decline. Persistent geopolitical risks and Fed rate cut bets continue to offer support to the metal. A modest USD uptick and a positive risk tone could act as a headwind for the XAU/USD. Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of
XAU/USD Current price: $2,443.88 The United States Consumer Price Index resulted marginally softer in July. Market participants keep beating the Federal Reserve will trim rates in September. XAU/USD could extend its slide once clearly below $2,438.80, a Fibonacci support level. The US Dollar started the day on the back foot, shedding ground against most major
Gold price trades with modest losses for the second straight day amid a positive risk tone. Geopolitical risks, bets for bigger Fed rate cuts and subdued USD demand to lend support. Traders might also prefer to wait for the release of the crucial US consumer inflation data. Gold price (XAU/USD) attracts fresh sellers following an
Gold price slides below $2,400 after profit-booking but holds ground on multiple tailwinds. The Fed is expected to cut interest rates by more than 100 bps this year. The US Dollar falls near the March bottom, and bond yields post fresh annual lows. Gold price (XAU/USD) exhibits sheer weakness performance despite deepening geopolitical tensions and growing fears of