Gold boosted by April’s unexpected PPI drop fuels Fed rate cut speculation. Retail Sales slow sharply to 0.1% as tariffs weigh on consumer spending, hinting at broader economic softness. Fed rate cut expectations rise to 53 bps for 2025; DXY dips 0.15% to 100.88, supporting Gold recovery. Gold prices recovered some ground earlier on Thursday
Gold price remains vulnerable near monthly lows below $3,200 early Thursday. The US Dollar snaps the overnight rebound ahead of key US data and Powell’s speech. Will Gold price defend the 50-day SMA at $3,155 as RSI stays bearish? Gold price is looking to extend the previous day’s over 2% sell-off early Thursday. The yellow
Gold price reverses the previous rebound from weekly lows early Wednesday. The US Dollar stays defensive on inflation cooldown amid trade talks in focus. Gold price needs acceptance above the 21-day SMA for a sustained recovery. Gold price is reversing a part of the previous rebound from weekly lows early Wednesday as sellers attempt
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XAU/USD Current price: $3,387.65 US-China initial trade talks set to begin next Wednesday, according to Sec Bessent. The Federal Reserve is widely anticipated to keep interest rates on hold. XAU/USD consolidates below $3,400 as market players await the Fed’s decision. Gold consolidates just ahead of the $3,400 mark on Wednesday, unchanged on a daily basis
Gold price pulls back below $3,400 in the lead-up to the Fed showdown. The US Dollar bumps up on optimism over US-China trade talks. Gold price appears a ‘buy-the-dips’ trade on the Fed verdict. Gold price has come under intense selling pressure early Wednesday, correcting sharply from two-week highs of $3,435. Renewed optimism over
XAU/USD Current price: $3,311.12 The US April ISM Services PMI came in much better than expected, at 51.6. US Treasury Secretary Bessent said trade deals with different nations could be announced this week. XAU/USD recovered the $3,300 mark and could extend gains in the upcoming sessions. Gold turned higher on Monday, recovering the $3,300 mark
Gold price gains positive traction and moves away from a two-week low set on Thursday. Subdued USD price action lends support to the XAU/USD pair ahead of the US NFP report. The optimism over possible US-China trade negotiations might cap the precious metal. Gold price (XAU/USD) struggles to capitalize on modest intraday gains on Friday
Gold price extends its downtrend for the third straight day amid a combination of factors. Signs of easing US-China tensions and a modest USD uptick weigh on the precious metal. Aggressive Fed rate cut bets should cap the USD and limit losses for the XAU/USD pair. Gold price (XAU/USD) remains under some selling pressure for