The Gold chart grinds to a halt in European trading, ahead President Donald Trump taking office. US markets remain closed due to Martin Luther King day, though traders brace for an eventful week ahead. Gold looks to be suported above $2,700.00 despite concerns are swelling for more downturn. Gold’s price (XAU/USD) is staying afloat above $2,700 despite an earlier
In the latest episode of Live from the Vault, industry experts gathered to unpack the critical role of precious metals in today’s volatile economic environment. Featuring insights from Andrew Maguire, Andy Schectman, Craig Hemke, and Rob Kientz, this episode dives into the strategies, challenges, and trends shaping the gold and silver markets. The power of
Gold price treads water below the monthly high of $2,725 early Friday. The US Dollar and Treasury bond yields sustain correction amid renewed dovish bets. Gold traders could cash in, repositioning for Trump’s inauguration on Monday. Technically, Gold price remains a ‘buy-the-dip’ trade, per the daily chart. Gold’s price has paused its three-day uptrend
Gold price sees gains limited for now, ahead of December CPI release. Tuesday’s soft PPI release triggers disinflationary expectations for the upcoming CPI release. Gold could snap above $2,700 if CPI comes in very disinflationary. Gold’s price (XAU/USD) trades flat for this week, despite a steep two-day rally above $2,680 on Wednesday, where softer-than-expected United States (US) Producer Price
In the latest episode of Live from the Vault, industry experts gathered to unpack the critical role of precious metals in today’s volatile economic environment. Featuring insights from Andrew Maguire, Andy Schectman, Craig Hemke, and Rob Kientz, this episode dives into the strategies, challenges, and trends shaping the gold and silver markets. The power of
Cash harvesting sounds more like farming than mining, but that’s the point reached by goldmining companies which are awash with cash after three years of high gold prices. Top of the cash harvesting list, according to investment bank Goldman Sachs, is the world’s biggest miner of the precious metal Newmont Corporation. Gold ingots. Photographer: Andrey
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