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Despite intermittent volatility, gold remains highly sensitive to shifts in Fed policy and global risk headlines. Traders now look to Powell’s second-day remarks and Friday’s PCE inflation data for clues on future rate moves. The prospect of lower inflation and reduced safe-haven demand continues to weigh on gold’s short-term outlook. Meanwhile, the latest Fed comments
Moreover, the 2025 GDP growth outlook was lowered to 1.4% due to uncertain trade policies and economic challenges in the US and China. Meanwhile, unemployment is expected to rise to 4.5%. These projections reflect a cautious stance, maintaining tight monetary policy and limiting gold’s rally. The US Dollar Index rebounded from the 98 support level,
Will US CPI Data Trigger Silver Selloff? Wednesday’s Consumer Price Index report looms large for precious metals, with markets pricing roughly 50 basis points of Fed cuts by year-end. Gold’s technical picture offers key insights for silver traders, as XAU/USD defends crucial support above $3,310.48 while the dollar index holds steady below 99.00. A hotter-than-expected
Subscribe To Notifications Scan QR code to install app Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice
Daily US Dollar Index (DXY)The U.S. Dollar Index fell 0.3% on the session, making dollar-denominated assets like silver and gold more attractive to foreign buyers. This helped fuel a short-covering rally in both metals, with gold benefitting slightly more due to broader safe-haven interest following the latest macroeconomic readings. Lower-than-expected wholesale inflation further pressured the
Subscribe To Notifications Scan QR code to install app Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice
Federal Reserve Governor Adriana Kugler noted that hiring is still above the breakeven point, though uncertainty remains a challenge for the economy. Despite this, she emphasized that wages are not a major inflation driver. In response to economic conditions, Fed Chair Jerome Powell stated that the central bank is not rushing to lower interest rates.
Moreover, Mali, a major gold producer, has halted permits for small-scale mining for foreign nationals. This decision could tighten supply, adding pressure to prices. Meanwhile, copper surged over 5% as Trump hinted at a potential 25% tariff on imports. With reciprocal tariffs and global economic uncertainty, gold remains a key asset for investors hedging against
Market participants will closely monitor upcoming economic data and policy signals. In particular, the release of US home sales data may influence short-term price action. Furthermore, Trump’s executive order directing a probe into copper markets adds further uncertainty, potentially affecting broader commodity prices. Moreover, with persistent inflation concerns and ongoing trade tensions, gold remains highly