Gold price gains strong positive traction amid the flight to safety after Trump’s tariff remarks. Bets for more Fed rate cuts weigh on the US bond yields and further underpin the yellow metal. A modest USD recovery, along with a positive risk tone, caps further gains for the commodity. Gold price (XAU/USD) retreats slightly after
Gold price scales higher for the third straight day amid the global flight to safety. Bets for more rate cuts by the Fed also benefit the non-yielding yellow metal. A modest USD bounce and the risk-on mood cap gains for the XAU/USD pair. Gold price (XAU/USD) retreats slightly from the $2,758-2,759 region, or the highest
Gold price scales higher for the third straight day amid the global flight to safety. Bets for more rate cuts by the Fed also benefit the non-yielding yellow metal. A modest USD bounce and the risk-on mood do little to cap the XAU/USD pair. Gold price (XAU/USD) prolongs its uptrend for the third straight day
Gold price extends gains and is on its way to have nearly 1% gains on Tuesday. Traders brace for the first full day in President Trump’s presidency with headline risk elevated. Gold at a fresh two-month high at $2,732.70 and enters the area with $2,790 as firm resistance ahead. Gold’s price (XAU/USD) is fueled by safe haven
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 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