Gold’s price has been correcting lower since our last report leaving traders wandering for its direction. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart. Negative correlation of the USD with Gold in effect
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
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
Gold drops 0.27% after Fed cites tariff-driven inflation concerns; yields rebound, stalling bullion’s rally. Fed minutes highlight risks of persistent inflation and weakening job growth, prompting cautious rate stance. US bond yields rebound, lifting the Dollar and pressuring Gold below $3,300. Goldman Sachs urges increased Gold exposure amid rising geopolitical risks and central bank demand.
It’s another up day in the USD Index and another down day in precious metals and copper. But that’s just the start. My today’s premium Gold Trading Alert covers many markets, but in this free analysis, I’ll focus on silver, copper, and world stocks. It all has implications for gold and mining stocks, anyway. Is
Fed minutes warn of stagflation risks if tariffs drive inflation and weaken jobs outlook. Policymakers favor cautious stance as economic effects of trade policy remain unclear. Gold trades rangebound between $3,280–$3,360; RSI suggests limited near-term momentum. Gold prices recovered some ground on Wednesday as the Federal Reserve revealed in the May 6-7 minutes that they
Gold retreats after earlier bounce to $3,325; sellers return as yields and US Dollar regain footing. Fed Minutes eyed for clarity; dovish surprise could reignite Bullion’s stalled rally. Goldman Sachs urges higher Gold allocation amid geopolitical risks and central bank demand. Gold price extended its losses during the North American session on Wednesday after hitting
Gold prices bounce off moving average support, reclaiming the $3,300 level. XAU/USD technical levels remain firm within a bull flag pattern. Momentum remains neutral with a narrow range hinting at the potential for a breakout. Gold prices are threatening key technical layers of support on Wednesday, with Bullion searching for a fresh catalyst to drive
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
XAG/USD is down 0.70% after hitting a two-day low; bullish momentum remains intact above the 50-day SMA. Silver finds support at $32.77 as RSI indicates that bulls are still in control. Key resistance at $33.69 must be cleared to target $34.58 and $35.00. A daily close below $32.90 could open the path toward 100- and