Fed minutes warn of stagflation risks if tariffs drive inflation and weaken jobs outlook. Policymakers favor cautious stance as economic effects of trade policy remain unclear. Gold trades rangebound between $3,280–$3,360; RSI suggests limited near-term momentum. Gold prices recovered some ground on Wednesday as the Federal Reserve revealed in the May 6-7 minutes that they
Gold price licks its wounds while challenging $3,300 early Wednesday. The US Dollar regains traction alongside Treasury yields as trade and bond market tensions ease. Gold buyers challenge critical daily support while RSI holds above the midline. Gold price is trying hard to defend the critical daily support line near $3,295 early Wednesday,
Gold gains 27% year-to-date due to safe-haven flows. ·Uncertainty about Trump’s tariff strategy has offered support. Central banks continue their gold-buying spree. Trump’s fiscal plans are also a reason for seeking shelter. Is Gold the asset of choice for 2025? Gold has been performing incredibly well since the start of the year, outperforming every other
XAU/USD Current price: $3,297.13 A better market mood put pressure on the bright metal on Tuesday. The United States will release the FOMC meeting Minutes on Wednesday. XAU/USD pressures a near-term key support area, could resume its advance. Spot Gold fell on Tuesday, piercing the $3,300 level during European trading hours and remaining soft after
XAU/USD drops below $3,300 as Trump’s EU tariff pause boosts sentiment and US Dollar. Trump delays 50% EU tariffs to July 9, improving market mood and weighing on safe-haven demand. DXY surges 0.62% to 99.54, driven by four-year high in US Consumer Confidence. Gold prices posted losses of nearly 2%, falling below the $3,300 figure,
Gold price consolidates below $3,350 early Tuesday; buying pressure building up. The US Dollar and Treasury yields keep the red ahead of the Senate vote on Trump’s tax bill. The daily technical setup favors Gold price; acceptance above $3,370-$3,375 area awaited. Gold price is finding fresh demand, looking to revisit the two-wee high of
Gold price extends its upbeat momentum to regain $3,300 early Wednesday. The US Dollar remains weighed by economic concerns, renewed US-China trade tensions and geopolitics. Gold price breaks the range as the daily RSI flips bullish while defending the key technical support. Gold price is extending its upswing into the third consecutive day
Gold price drifts lower as trade optimism continues to undermine safe-haven demand. The XAU/USD pair struggles to lure buyers despite Fed rate cut bets and a softer USD. Even geopolitical risks do little to lend any support to the safe-haven precious metal. Gold price meets with a fresh supply during the Asian session on Tuesday
· Gold price keeps range play intact below $3,250 early Tuesday. · The US Dollar draws support from US trade deals optimism but upside appears limited. · Gold price remains stuck between 21-day SMA and 50-day SMA amid bearish RSI. Gold price has returned to red early Tuesday, having failed to take out the
Gold rebounds from $3,120 weekly low as US yields fall and DXY weakens, boosting safe-haven appeal. April US PPI and Retail Sales miss expectations, prompting markets to fully price in two Fed cuts for 2025. Ukraine-Russia tensions resurface as Putin refuses peace talks, adding geopolitical premium to Bullion. Gold price rallied sharply on Thursday after