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%
XAU/USD Current price: $2,675.01 Sentiment led the way on Wednesday amid scarce macroeconomic data. Focus shifts to the European Central Bank monetary policy decision on Thursday. XAU/USD aims to reach fresh record highs and challenge the $2,700 mark. Risk aversion keeps fueling Gold demand, with the bright metal flirting with record highs on Wednesday. XAU/USD
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
Gold is rising as markets digest disappointing Nvidia earnings, now a macro event given the company’s size and importance. A revival of Chinese demand for the precious metal further supports the price. Technically, XAU/USD trends sideways, with odds still favoring an eventual break higher given the broader uptrend. Gold (XAU/USD) trades about half a percent
Gold drops 0.70% to $2,504 as US Dollar strengthens and Treasury yields rise following Powell’s dovish policy comments. DXY up 0.60% to 101.15, propelled by rising 10-year Treasury yield at 3.841%, challenging non-yielding assets like Gold. Market anticipates key US data: GDP estimates, Initial Jobless Claims and core PCE inflation gauge this week. Gold sees
Gold prices surged 18 per cent year-on-year (Y-o-Y) in the June quarter to $2,338.2 an ounce (oz), reaching a record of $2,427/oz. They were up nearly 13 per cent compared with the December 2023 quarter. India is the second-largest consumer of gold, after China. Indian households hold a whopping 25,000 tonnes of gold, according
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 rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, crucial for Fed decisions; rate cut prospects bolster Gold. Gold prices advanced firmly
August 27, 2024 8:15 AM EDT | Source: Bullion Gold Resources Corporation Montreal, Quebec–(Newsfile Corp. – August 27, 2024) – Bullion Gold Resources Corp. (TSXV: BGD) (“Bullion Gold” or the “Company”) announces new sampling results from its Bodo project. Despite the short work period completed in early summer on this project, the initial results