Gold (XAU/USD) prices are under mild pressure but remain supported by broader market factors. Although the pullback from a three-week high is modest, the yellow metal remains supported by several broader factors. A rebound in US Dollar and improved risk sentiment have triggered some intraday profit-taking. However, market uncertainty and expectations of lower interest rates
Gold price edges higher to near $3,310 in Monday’s early Asian session. Economic uncertainty and geopolitical risks provide some support to the Gold price, a safe-haven asset. US PCE inflation eased to 2.1% YoY in April, softer than expected. The Gold price (XAU/USD) rebounds to around $3,310 during the early Asian trading hours on Monday.
Precious metals are trading in mixed fashion this Friday, May 30, as market participants position ahead of the Core PCE Price Index report set to be released in the North American session. This data remains the Federal Reserve’s preferred inflation measure and holds strong potential to shift market sentiment across gold, silver, and platinum. Gold
Governments are quietly pumping money into the system, and smart investors are turning to gold and Bitcoin to protect their wealth Right now, something big is happening with the world’s money system—but it’s not being talked about loudly. Instead of central banks like the Federal Reserve creating money directly, banks themselves are stepping in by
Gold (XAU/USD) prices have been under pressure recently. A US court ruling blocked tariffs proposed by former President Trump. This decision supported risk-on sentiment, which hurt gold. Meanwhile, the US dollar continues to gain strength following hawkish FOMC minutes. As a result, gold has continued to decline in response to recent market developments. Despite this,
The Oracle of Omaha, Warren Buffett, recently announced he will be stepping down as CEO of Berkshire Hathaway. He built a reputation as one of the sharpest minds in investing. Buffett’s folksy wisdom and knack for picking winners made him a household name. But when it comes to gold, Buffett maintains a stubborn bias against
Despite high prices pressuring demand, Indian gold imports remained resilient in April. India ranks as the world’s second-largest gold market behind China. India imported $3.1 billion in gold in April, according to Ministry of Commerce data. That was significantly lower than March, but above the January-February average and 5 percent higher than April 2024. Based on
Silver price depreciates as easing US-EU trade tension diminishes the safe-haven demand. The safe-haven demand for Silver may revive due to growing concerns over US debt issues. The non-yielding Silver may attract buyers due to reduced opportunity cost amid lower long-term US yields. Silver price (XAG/USD) loses ground after registering gains in the previous two
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
On the radar PPI in Czechia was released at -1.3% y/y in April. Today, Slovakia will publish wage growth and current account balance. There are no other releases scheduled. Economic developments Yesterday, the European Commission released their spring edition of economic forecasts, which projects real GDP growth in 2025 at 1.1% in the EU and