Gold and silver prices outperformed nearly every asset class in the first half of the year. Geopolitical uncertainty, a weaker U.S. dollar, the threat of tariffs, central bank gold buying, and silver inventory scarcity all contributed to stellar performance. Since mid-April, however, prices have been range-bound. The question is whether there is still some fuel
Since our last report Gold’s price, despite some ups and downs remained relatively stable. In today’s report we are to discuss mainly fundamental issues and we intend to end the report with a technical analysis of Gold’s daily chart. Gold’s correlations being inactive In contrast to gold’s stability the USD has been on the rise
Gold price drifts higher to around $3,350 in Tuesday’s early Asian session. Trump threatened secondary tariffs of 100% on Russia. The US CPI inflation data for June will be the highlight later on Tuesday. The Gold price (XAU/USD) gains ground to near $3,350 during the early Asian session on Tuesday. The precious metal edges higher
Gold Bulls lose grip as $3300 psychological handle fails to hold as support. Strong selling pressure forces Gold to drop to $3282 Bounce back off the lows lacked conviction as relief rally loses steam at $3310 Any resumed rebound attempt faces strategic hurdle at $3307-$3310 Rejection from resistance calls for yet another retest of $3282-$3278-$3273
Gold price falls to near $3,325 as the market sentiment remains broadly stable. Trump signs orders that Washington will start charging additional duties from August 1. Washington imposes 25% tariffs on imports from Japan and South Korea. Gold price (XAU/USD) drops to near $3,325 during the European trading session on Tuesday. The yellow metal faces
Gold price loses momentum to around $3,330 in Tuesday’s Asian session. Trump unveiled new tariff rates, still open to additional trade negotiations. The downside for yellow metal might be limited as central banks worldwide continue to buy gold. The Gold price ( XAU/USD) trades in negative territory near $3,330 during the Asian trading hours on
Gold price edges lower to near $3,320 in Monday’s early Asian session. Strong US June employment data weighs on the Gold as Fed rate cut odds decline. Middle East geopolitical risks and renewed trade tensions might cap the downside for the Gold price. The Gold price (XAU/USD) attracts some sellers to around $3,320 during the
Gold price consolidates around $3,340 ahead of the US employment data for June. Surprisingly upbeat US JOLTS Job Openings data has supported the US Dollar. Market sentiment remains cautious as Trump’s tariff deadline on July 9 approaches. Gold price (XAU/USD) trades in a tight range around $3,340 during the European trading session on Wednesday. The
Its outlook calls for massive revenue growth. With geopolitical tensions rising, defense industry stocks in general have garnered more interest from investors. Defense and aerospace industry stocks have climbed about 6% over the past month and are up roughly 23% year-to-date. But there is one specific defense industry stock that soared on Wednesday, drone manufacturer
Silver price trades with mild gains around $35.95 in Wednesday’s Asian session. The weaker US Dollar provides some support to the USD-denominated Silver. The risk-on mood due to easing Middle East tension might cap the XAG/USD’s upside. The Silver price (XAG/USD) posts modest gains near $35.95 during the Asian session on Wednesday. The weaker US