Gold steadies as traders look to final Fed meeting of the year
Gold prices steadied on Monday as investors awaited the Federal Reserve’s final meeting of the year. The yellow metal hovered around $1,980 per ounce, reflecting cautious optimism among market participants ahead of the central bank’s policy decision. The Federal Reserve’s expected commentary on inflation and interest rates is likely to be a key driver for […]
Gold price trades with negative bias amid bullish USD; focus remains on FOMC decision
Gold prices are under pressure as a stronger US dollar weighs on the precious metal ahead of the anticipated FOMC decision. The greenback’s resilience has limited gold’s appeal, with investors showing caution as they await fresh signals on interest rates from the Federal Reserve. Spot gold dipped slightly, extending losses as treasury yields provided additional […]
Gold price consolidates around $2,650 as traders keenly await Fed policy decision
Gold prices have remained relatively stable, consolidating around $2,650 as investors brace for the upcoming Federal Reserve policy decision. Despite a few fluctuations, the precious metal has shown resilience, holding within this narrow range for the past week. Market sentiment is focused on the Fed’s expected move on interest rates, which could significantly impact the […]
Silver price forecast: XAG/USD remains tepid near $30.50 with a bearish outlook
Silver prices remain under pressure as XAG/USD trades near $30.50, reflecting a cautious market sentiment. Despite attempts to reclaim higher ground, the precious metal faces a bearish outlook, driven by several key factors that are limiting its upside potential. Investor sentiment has cooled in recent weeks as global markets adjust to hawkish signals from central […]
Gold price holds steady above one-week low on softer USD; upside seems limited
Gold prices remained steady above a one-week low, supported by a softer U.S. dollar and moderate demand. After slipping earlier in the week, the precious metal found support around $1,900 per ounce, a key psychological level for investors. However, analysts suggest that upside momentum for gold may be limited, as the outlook for inflation and […]
Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data
Gold prices remained stable below $2,650, with investors exercising caution ahead of the release of key US PMI data. The metal has faced a period of consolidation as traders assess the economic outlook and its potential impact on the Federal Reserve’s monetary policy trajectory. The upcoming PMI report is expected to shed light on economic […]
Philippines gold price today: Gold rises, according to FXStreet data
Gold prices in the Philippines have edged higher today, supported by fluctuating investor sentiment and a weaker US dollar. According to FXStreet data, the precious metal gained traction as traders adjusted their positions ahead of key economic events. Spot gold prices moved up to PHP 3,470 per gram, marking a moderate increase from the previous […]
Gold price trades with positive bias; remains below $2,700 on Fed rate cut expectations
Gold prices are trading with a positive bias, driven by growing expectations that the U.S. Federal Reserve will implement a rate cut in the near future. The precious metal has seen some upward momentum recently but continues to hover just under the key $2,700 level, reflecting cautious market sentiment. Despite the optimism around the potential […]
Gold Price Forecast: XAU/USD attracts some buyers to near $2,700, traders brace for Fed rate decision
Gold prices edged higher, approaching the $2,700 mark, as investors sought safe-haven assets ahead of a critical Federal Reserve meeting. The rise reflects growing uncertainty about the Fed’s next move, with traders largely anticipating a pause but remaining cautious about potential hawkish signals in the forward guidance. Market sentiment around XAU/USD has been shaped by […]
Gold price plummets as traders cash in on hot US PPI
Gold prices saw a significant decline as traders reacted to unexpectedly strong U.S. Producer Price Index (PPI) data. The hotter-than-expected inflation figures bolstered expectations of a more hawkish Federal Reserve, prompting investors to offload gold holdings in favor of safer cash positions. Spot gold dropped nearly 1%, falling below the key $1,900 per ounce level. […]