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
XAU/USD Current price: $3,221.04 Generally encouraging United States data limited USD weakness in a risk-averse environment. Wall Street trades mixed, with optimism about the end of a global trade war fading. XAU/USD aims north, but the bullish potential is limited in the near term. Spot Gold is in a better shape in the American session
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 recovers after earlier being down nearly 10% from its all-time high. Traders are seeing a lot except white smoke emerging from Turkey on Ukraine-Russia truce talks Bullion traders could expect Gold to retest the $3,000 level if further easing and Ukraine-Russia truce would materialize. Gold (XAU/USD) reverses course and heads higher towards $3,192
A new way to invest in gold is gaining traction with savvy Kiwis. Tony Coleman has long warned that global financial markets are built on shaky ground. Recently, many more people are listening. Coleman is the founder and managing director of New Zealand Gold Merchants and has been preaching the gospel of gold as a
Gold price on the backfoot for a second straight day, down nearly 10% from its all-time high. The US administration softens its tone on several fronts, reducing safe-haven flows towards the precious metal. Bullion traders could expect Gold to retest the $3,000 level if further easing and Ukraine-Russia truce would materialize. Gold (XAU/USD) slides towards
Gold prices on Thursday (May 15) hit their lowest level in over five weeks, as easing geopolitical tensions and a shift toward riskier assets weakened the appeal of the safe-haven metal. The focus now shifts to upcoming US economic data, which could further influence the Federal Reserve’s monetary policy outlook. As of 0303 GMT, spot
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 prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 388.63 Saudi Riyals (SAR) per gram, down compared with the SAR 391.96 it cost on Tuesday. The price for Gold decreased to SAR 4,532.75 per tola from SAR 4,571.69 per tola a day earlier. Unit
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