Gold falls amid US Dollar surge, traders eye US inflation figures
Gold prices have declined amid a strengthening U.S. dollar, as traders anticipate upcoming U.S. inflation data. The dollar’s appreciation has made gold more expensive for holders of other currencies, reducing its appeal. Additionally, the anticipation of further interest rate cuts by the Federal Reserve has impacted gold’s attractiveness as a non-yielding asset. Despite these factors, […]
Gold climbs above $2,700 as Fed rate cut hammers US yields
Gold prices have surged past the $2,700 mark, reaching a record high, following the Federal Reserve’s recent interest rate cut. The Fed reduced its benchmark rate by 25 basis points to 4.75%, aiming to support economic growth amid global uncertainties. This move has led to a decline in U.S. Treasury yields, enhancing the appeal of […]
Gold price hovers around $2,690 as Fed cut reinforces safe-haven appeal
Gold prices are stabilizing near $2,690 per ounce following the Federal Reserve’s recent interest rate cut. The Fed reduced its benchmark rate by 25 basis points to 4.75%, aiming to support economic growth amid global uncertainties. This monetary easing has led to a decline in U.S. Treasury yields, enhancing the attractiveness of non-yielding assets like […]
Gold fades as Trump win fuels a US Dollar rally
Following Donald Trump’s victory in the U.S. presidential election, gold prices have declined, influenced by a strengthening U.S. Dollar. The dollar’s appreciation is attributed to market optimism regarding the new administration’s economic policies, which are anticipated to stimulate growth and potentially lead to higher interest rates. As the dollar strengthens, dollar-denominated commodities like gold become […]
Gold price hammered down to multi-week low as Trump victory triggers sharp USD rally
Following Donald Trump’s recent victory in the U.S. presidential election, gold prices have experienced a significant decline, reaching a multi-week low. This downturn is primarily attributed to a sharp rally in the U.S. Dollar, as investors anticipate the new administration’s economic policies. The strengthening dollar exerts downward pressure on gold, making it more expensive for […]
Gold price bulls remain on the sidelines, around $2,740 after early US election results
Gold prices are holding steady around $2,740 per ounce as investors await the final outcome of the U.S. presidential election. The precious metal, often viewed as a safe-haven asset, has seen limited movement in recent sessions due to market participants’ cautious stance amid political uncertainty. Analysts note that the tight race between the candidates has […]
Gold price stays strong amid US election drama, Fed rate cut insight
Gold prices have remained resilient as the U.S. presidential election nears, with investors turning to safe-haven assets amid political uncertainty. Currently, gold is trading around $2,735 per ounce, holding firm after touching record highs last week. The upcoming election and its potential impact on economic policies continue to drive interest in gold as a stable […]
Gold falls after brief spike following weak Nonfarm Payrolls figures
Gold prices experienced a brief surge following the release of weaker-than-expected U.S. Nonfarm Payrolls data, which reported an addition of only 12,000 jobs in October, significantly below the anticipated 113,000. This initial uptick was driven by investor expectations of a potential Federal Reserve rate cut in response to the soft labor market. However, the rally […]
Gold Price Forecast: XAU/USD posts modest gains to near $2,750, eyes on US presidential election, Fed decision
Gold prices have edged higher, with XAU/USD reaching approximately $2,750, as investors position themselves ahead of the U.S. presidential election and the Federal Reserve’s upcoming policy decision. The precious metal has gained about 0.5% in recent trading sessions, reflecting market participants’ cautious optimism. The impending election between Vice President Kamala Harris and former President Donald […]
Gold climbs to record highs on Mid East geopolitical concerns, US election nerves
Gold prices soared to record levels as escalating geopolitical concerns in the Middle East and uncertainty surrounding the upcoming U.S. elections drive investors toward safe-haven assets. The precious metal has gained significant traction as a preferred investment, reflecting deepening caution in the financial markets as these global risks intensify. The ongoing instability in the Middle […]