Gold prices remain near multi-month highs as traders await the Federal Reserve’s interest rate decision. Despite modest losses during the early European session on Wednesday, the price action remains strong in gold. The ongoing softness in US Treasury bond yields and the US Dollar supports gold, limiting its downside. Concerns about US President Donald Trump’s
Gold has consistently been a safe-haven asset, attracting investors during periods of economic uncertainty or geopolitical tensions. Recent developments in global trade, inflation expectations, and monetary policies have significantly impacted gold prices. On January 22, 2025, the gold market showed notable bullish momentum, driven by fundamental and technical factors. This article explores these drivers and
XAU/USD Gold price hit new multi-week high early Wednesday, in extension of Tuesday’s 1.4% advance, with near-term action being well supported by strong safe haven demand on fresh uncertainties over Trump’s trade policies that weakened dollar and wide expectations that the Fed will keep interest rates on hold in the policy meeting next week. Bull
Gold’s upward direction seems to have survived Trump’s inauguration yesterday and there do not seem to be any major financial releases from the US that could shake gold’s price until our next report hence we are to focus on gold’s fundamentals for direction in the current report. For a rounder view, we conclude the report
Gold prices rebound from $2,689 support during the Asian session, driven by safe-haven demand. The weakening US Dollar reflects expectations of two Federal Reserve rate cuts in 2025 due to easing US inflation. Concerns over President-elect Donald Trump’s trade tariffs further bolster demand for gold above $2,700. Gold (XAU/USD) prices found support around $2,689 during the
Gold price extends its rally in Wednesday’s Asian session. The deteriorating situation in the Middle East and the Fed’s dovish stance underpin the Gold price. Traders await the speeches from the Fed’s Waller and Bostic on Wednesday. The Gold price (XAU/USD) gains traction above $2,500 per troy ounce on Wednesday, bolstered by the escalating geopolitical
In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dived into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility for inflation to a guilty child refusing
Gold price holds steady near $2,515 in Wednesday’s early Asian session. The softer USD and bets of Fed easing monetary policy support the Gold price. The Fed Chair Powell’s speech at the Jackson Hole symposium will take centre stage on Friday. Gold price (XAU/USD) trades flat around $2,515 during the early Asian session on Wednesday.
RBNZ Assistant Governor Karen Silk said in an interview on Friday that the New Zealand central bank is taking a measured approach to rate cuts. Key quotes Uncertainty remains on how quickly inflation will subside. Bank is taking a measured approach to rate cuts. The behavior of price inflation is crucial for the cash rate path
Gold price trades flat around $2,455 in Friday’s early Asian session. US July Retail Sales beat expectations, rising 1.0% MoM; Initials Jobless Claims fell 7K to 227K last week. The escalating geopolitical risks in the Middle East might cap the Gold’s downside. Gold price (XAU/USD) flat lines near $2,455 during the early Asian session on