Gold spikes as investors seek safety after Trump’s day-one tariff threats. US Dollar Index drops, Treasury yields fall, both tailwinds for Bullion prices. Escalating Middle East tensions increases global uncertainty, boosting Gold’s safe-haven status. Gold rallied more than 1% and hit a two-month high of $2,745 on Tuesday as investors seeking safety bought the non-yielding
Gold spikes as investors seek safety after Trump’s day-one tariff threats. US Dollar Index drops, Treasury yields fall, both tailwinds for Bullion prices. Escalating Middle East tensions increases global uncertainty, boosting Gold’s safe-haven status. Gold rallied more than 1% and hit a two-month high of $2,745 on Tuesday as investors seeking safety bought the non-yielding
Gold price in the green by 0.50% on Tuesday after Trump entered his first day in office. President Trump vowed to keep tariff hike plans in place fore Canada and Mexico. Gold at a fresh two-month high at $2,732 and enters the area with $2,790 as firm resistance ahead. Gold’s price (XAU/USD) trades positive for a second straight
Gold price goes nowhere while markets brace for four years of volatility. US markets remain closed due to Martin Luther King day. Gold supported above $2,700.00 though concerns are swelling for more downturn. Gold’s price (XAU/USD) is staying afloat above $2,700 despite an earlier decline to $2,689 during the Asian session, while traders are still concerned over President-elect Donald
The Gold chart grinds to a halt in European trading, ahead President Donald Trump taking office. US markets remain closed due to Martin Luther King day, though traders brace for an eventful week ahead. Gold looks to be suported above $2,700.00 despite concerns are swelling for more downturn. Gold’s price (XAU/USD) is staying afloat above $2,700 despite an earlier
Gold price sees gains limited for now, ahead of December CPI release. Tuesday’s soft PPI release triggers disinflationary expectations for the upcoming CPI release. Gold could snap above $2,700 if CPI comes in very disinflationary. Gold’s price (XAU/USD) trades flat for this week, despite a steep two-day rally above $2,680 on Wednesday, where softer-than-expected United States (US) Producer Price
Gold price trades with a negative bias for the fifth straight day amid smaller Fed rate cut bets. A modest USD downtick, along with geopolitical risks, could offer support to the XAU/USD. Traders look to the FOMC minutes and the US inflation figures for a fresh directional impetus. Gold price (XAU/USD) attracts some sellers for
Gold price trades with a negative bias for the sixth straight day amid smaller Fed rate cut bets. Hopes of a possible Hezbollah-Israel ceasefire further undermine the safe-haven commodity. Traders now look to the FOMC minutes for short-term impetuses ahead of the US inflation figures. Gold price (XAU/USD) fell nearly 1.5% intraday and touched a
Gold is rising as markets digest disappointing Nvidia earnings, now a macro event given the company’s size and importance. A revival of Chinese demand for the precious metal further supports the price. Technically, XAU/USD trends sideways, with odds still favoring an eventual break higher given the broader uptrend. Gold (XAU/USD) trades about half a percent
Gold drops 0.70% to $2,504 as US Dollar strengthens and Treasury yields rise following Powell’s dovish policy comments. DXY up 0.60% to 101.15, propelled by rising 10-year Treasury yield at 3.841%, challenging non-yielding assets like Gold. Market anticipates key US data: GDP estimates, Initial Jobless Claims and core PCE inflation gauge this week. Gold sees