XAU/USD Current price: $3,329.73 China reported a trade surplus of $103.22 billion in May, export and imports plunged. The United States will release the May Consumer Price Index next Wednesday. XAU/USD recovers from sub-$3,300, buying pressure is modest. Spot Gold hovers near $3,330 a troy ounce, posting a modest intraday advance at the beginning of
AUD/USD advanced to multi-day highs, flirting with the 0.6500 hurdle. The US Dollar accelerated its losses, retreating to seven-week lows. The RBA will release its Minutes of the May meeting on Tuesday. Tracking advances across risk-sensitive currencies, the Australian Dollar (AUD) recovered lost ground in quite an auspicious start to the week, encouraging AUD/USD to
Gold prices reversed three daily drops in a row, regaining $3,330. The US Dollar traded on the back foot on poor data and trade headlines. The yellow metal’s upside now retargets the monthly peaks near $3,440. Gold managed to regain the smile on Thursday, rebounding to the $3,330 zone per troy ounce on the resurgence
XAU/USD Current price: $3,297.13 A better market mood put pressure on the bright metal on Tuesday. The United States will release the FOMC meeting Minutes on Wednesday. XAU/USD pressures a near-term key support area, could resume its advance. Spot Gold fell on Tuesday, piercing the $3,300 level during European trading hours and remaining soft after
XAU/USD Current price: $3,280.87 Central banks keep citing US President Trump’s policies as a source of concern. The US Congress will discuss a bill on tax cuts, which will add to the country’s massive debt. XAU/USD pressures fresh one-week highs, aiming to extend its advance. Gold surged during US trading hours on Tuesday, hitting a
XAU/USD Current price: $3,221.04 Generally encouraging United States data limited USD weakness in a risk-averse environment. Wall Street trades mixed, with optimism about the end of a global trade war fading. XAU/USD aims north, but the bullish potential is limited in the near term. Spot Gold is in a better shape in the American session
XAU/USD Current price: $3,107.41 US President Donald Trump will announce reciprocal tariffs on Wednesday. Financial markets remain cautious but fears receded, and Wall Street advances. XAU/USD corrective decline set to continue below $3,100 in the near term. The pair posted yet another record high, hitting $3,149.04 on Tuesday. The risk-averse environment backed the bright metal
XAU/USD Current price: $3,010.80 Markets kick-started the week with optimism about upcoming Trump’s tariffs. Major economies will post inflation updates in the upcoming days. XAU/USD nears the $3,000 threshold and may pierce it in the upcoming sessions. The US Dollar (USD) surged after Wall Street’s opening, resulting in XAU/USD sliding to $3,005.87. As the American
XAU/USD Current price: $3,036.15 The US Dollar surged amid risk aversion, extreme oversold conditions. The Bank of England kept the benchmark rate at 4.5%, as widely anticipated. XAU/USD could reach higher highs if the $3,020 area holds in the upcoming sessions. Spot Gold retreated towards the $3,030 region after hitting yet another record high
XAU/USD Current price: $3,034.75 The Federal Reserve is expected to maintain the benchmark interest rate on hold. Market players will likely react to sentiment and trade-war effects on the Fed’s decisions. XAU/USD could correct lower, but buyers are still willing to add on dips. Spot Gold peaked early on Wednesday at $3,045.44, holding nearby