XAU/USD drops below $3,300 as Trump’s EU tariff pause boosts sentiment and US Dollar. Trump delays 50% EU tariffs to July 9, improving market mood and weighing on safe-haven demand. DXY surges 0.62% to 99.54, driven by four-year high in US Consumer Confidence. Gold prices posted losses of nearly 2%, falling below the $3,300 figure,
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for
Bullion retreats from two-week high as US House passes debt-heavy budget. A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal. Geopolitical risks with Iran still support longer-term bullish bias for Gold. Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of
Gold rises as traders brace for vote on Trump’s debt-heavy tax bill. Moody’s downgrade and falling US Dollar fuel safe-haven demand for Gold. Middle East unrest offsets easing US-China trade tensions, keeping risk appetite muted. Gold prices advance by over 0.50% and remain above the $3,300 mark as traders grow increasingly nervous about the United
Gold price drifts lower as trade optimism continues to undermine safe-haven demand. The XAU/USD pair struggles to lure buyers despite Fed rate cut bets and a softer USD. Even geopolitical risks do little to lend any support to the safe-haven precious metal. Gold price meets with a fresh supply during the Asian session on Tuesday
Gold price tumbles over 1.50% on the US-China tariff truce and related capital shift toward risk assets. US data shows slowing Retail Sales and mixed housing prints; inflation expectations remain elevated. Fed officials remain cautious on cuts despite disinflation progress; Treasury yields rebound, supporting stronger US Dollar. Gold prices fell by more than 1.50% on
Gold price slides lower with Russia-Ukraine talks in Turkey after all still taking place. Meanwhile, questions arise about the stability and trustworthiness of the US Dollar. After a volatile week, Gold faces headwinds in holding $3,200 on Friday. Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday
Gold price slides lower with Russia-Ukraine talks in Turkey after all still taking place. Meanwhile, questions arise about the stability and trustworthiness of the US Dollar. After a volatile week, Gold faces headwinds in holding $3,200 on Friday. Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday
Gold rebounds from $3,120 weekly low as US yields fall and DXY weakens, boosting safe-haven appeal. April US PPI and Retail Sales miss expectations, prompting markets to fully price in two Fed cuts for 2025. Ukraine-Russia tensions resurface as Putin refuses peace talks, adding geopolitical premium to Bullion. Gold price rallied sharply on Thursday after
Gold price recovers after earlier being down nearly 10% from its all-time high. Traders are seeing a lot except white smoke emerging from Turkey on Ukraine-Russia truce talks Bullion traders could expect Gold to retest the $3,000 level if further easing and Ukraine-Russia truce would materialize. Gold (XAU/USD) reverses course and heads higher towards $3,192