Gold price regains some positive traction following the overnight post-US CPI decline. Persistent geopolitical risks and Fed rate cut bets continue to offer support to the metal. A modest USD uptick and a positive risk tone could act as a headwind for the XAU/USD. Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of
XAU/USD Current price: $2,443.88 The United States Consumer Price Index resulted marginally softer in July. Market participants keep beating the Federal Reserve will trim rates in September. XAU/USD could extend its slide once clearly below $2,438.80, a Fibonacci support level. The US Dollar started the day on the back foot, shedding ground against most major
Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes. Gold positioning becomes tactically bearish “The positioning set-up in Gold markets is becoming tactically bearish. Macro fund positioning is not
Metso has signed a comprehensive frame agreement with Reko Diq Mining for key process equipment deliveries to the company’s greenfield copper-gold project in the province of Balochistan in Pakistan. Reko Diq is one of the largest undeveloped copper-gold deposits in the world. The gross value of the various Metso equipment packages under the framework agreement
In this presentation, Jeffrey Christian of CPM Group reviews current gold and silver investment demand and some of the factors driving markets. The video begins with a global focus for gold investment, where strong demand is evident. Jeff details the significant role of institutional investors, high-net-worth individuals, and retail investors in fueling this demand, particularly
Domestic gold futures experienced a minor dip on Wednesday (August 14). Investors are eyeing key US inflation figures that could influence interest rates in the coming months. Around noon on the Multi Commodity Exchange (MCX), gold futures were down by ₹110 at ₹70,589 per 10 grams. Despite the drop, gold prices are well-supported. “Gold remains
Gold Gold remains stuck in a 4 month sideways channel which makes trade identification difficult. With the release of the inflation number, anything could happen today. We are holding the 1 month upper trend line which joins the July & August peaks at 2473/75, with a high for the day exactly here yesterday. Gold is
Gold price trades with modest losses for the second straight day amid a positive risk tone. Geopolitical risks, bets for bigger Fed rate cuts and subdued USD demand to lend support. Traders might also prefer to wait for the release of the crucial US consumer inflation data. Gold price (XAU/USD) attracts fresh sellers following an
Gold price posts modest gains around $2,465 in Wednesday’s early Asian session. The escalating tensions in the Middle East increase safe-haven demand, benefiting Gold. The US July Consumer Price Index report will be the highlight on Wednesday. Gold price (XAU/USD) trades with mild gains near $2,465 during the early Asian session on Wednesday. The upside of the yellow
Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked