Pound, gold, and oil prices in focus: Commodity and currency check, 10 December
The pound showed modest weakness against major currencies on December 10, as investors balanced concerns over potential central bank tightening with lingering global growth uncertainties. The British currency traded lower against the dollar and euro, reflecting heightened caution ahead of economic data releases later this week. Market participants are watching interest rate expectations closely, given […]
Silver Price Forecast: XAG/USD nears $32 hurdle amid Fed rate cut speculation
Silver prices have surged, with XAG/USD nearing the $32 mark, driven by market speculation over potential Federal Reserve rate cuts. Investors are closely monitoring economic data, suggesting the Fed may ease its monetary policy sooner than expected to counter slowing growth and tame inflation. This has bolstered demand for precious metals, often seen as safe-haven […]
Gold maintains the upward pressure above $2,660, focus on China
Gold extended its gains above $2,660 on renewed buying interest from China and escalating geopolitical uncertainties. The metal’s upward momentum reflects increased demand for safe-haven assets as investors monitor China’s renewed activity in global gold markets. Heightened tensions in the Middle East and global economic concerns have further supported prices. China, the world’s largest gold […]
Gold Holds Decline Before Jobs Data That May Influence Fed Rates
Gold prices extended losses as investors awaited crucial U.S. jobs data, a key indicator that could shape the Federal Reserve’s next moves on interest rates. The metal has faced pressure amid rising Treasury yields and a stronger dollar, reflecting markets bracing for potential signals of continued monetary tightening. Analysts predict the labor report may either […]
Gold tumbles as US yields jump as traders await US nonfarm payrolls
Gold prices plunged as rising US Treasury yields dampened demand for the precious metal, with investors shifting their focus to the upcoming US nonfarm payrolls report. The yellow metal fell sharply after yields on 10-year Treasury notes hit new highs, increasing the opportunity cost of holding non-yielding assets like gold. Traders are bracing for the […]
Gold remains subdued after Powell remarks, focus on jobless claims
Gold prices remained steady after comments from Federal Reserve Chair Jerome Powell hinted at cautious optimism over inflation trends but offered no concrete signals on future rate decisions. Spot gold traded flat near $2,030 per ounce as Powell emphasized the Fed’s commitment to a data-dependent approach, leaving investors waiting for more clarity. While the central […]
Gold: Sizable liquidations over the coming week are possible – TDS
Gold markets could experience significant liquidations in the coming week, driven by shifting global dynamics, according to analysts at TD Securities (TDS). With recent market turbulence and fluctuating sentiment around inflation and interest rates, gold’s safe-haven appeal is being tested, potentially pressuring prices downward. TDS analysts highlighted that traders and institutional investors might offload sizable […]
Gold price edges higher in familiar range; upside seems limited ahead of Fed’s Powell
Gold prices edged slightly higher, maintaining a narrow trading range as markets await Federal Reserve Chair Jerome Powell’s comments later this week. Spot gold traded near $2,035 per ounce early Monday, supported by a softer U.S. dollar and subdued Treasury yields, while investors remain cautious about the Fed’s policy outlook. The yellow metal’s movement comes […]
Gold price climbs despite high US yields, eyes on ADP data
Gold prices edged higher as investors navigated the impact of elevated U.S. Treasury yields and anticipated key economic data. Spot gold rose 0.2% to $1,832.50 an ounce, finding resilience despite the benchmark 10-year yield holding near multi-year highs. The metal’s upward momentum reflects its safe-haven appeal amid concerns over economic stability. Focus now shifts to […]
India gold price today: Gold edges higher
Gold prices in India saw a notable rise on Tuesday, reflecting a broader trend in global markets. The yellow metal gained 0.6%, driven by increased investor interest in safe-haven assets amid ongoing economic uncertainties and fluctuating currency markets. The boost in gold prices coincides with growing geopolitical tensions that have prompted traders to seek stability […]
