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 […]
Gold price consolidates in a range around $2,640 area
Gold remains firm around the $2,640 mark as markets await fresh cues from U.S. economic data and global risk sentiment. The yellow metal’s price steadied after modest gains earlier this week, supported by a weaker U.S. dollar and subdued Treasury yields. However, a lack of significant catalysts has kept the metal within a narrow trading […]
Gold drops as USD strengthens, snapping four-day winning streak
Gold prices have stalled near $2,640 per ounce, struggling to break out of a narrow range as mixed market signals leave investors cautious. Despite its status as a safe-haven asset, subdued appetite reflects traders’ focus on upcoming U.S. economic data and Federal Reserve policy decisions. Many are awaiting fresh catalysts to determine whether the metal […]
Gold price seems vulnerable on broad-based USD strength
Gold prices have recently experienced a downturn, influenced by a strengthening U.S. dollar and shifting investor sentiment. After reaching a record high of $2,800.80 per ounce on October 30, gold futures have declined to $2,572.90 per ounce, marking a significant decrease. The U.S. dollar’s appreciation is largely due to expectations of a more restrictive monetary […]
Gold Slips as Trump’s BRICS Currency Warning Boosts US Dollar
Gold prices declined as the US dollar strengthened, following comments by former President Donald Trump warning against potential impacts of a proposed BRICS currency. The dollar’s rally dented the appeal of non-yielding assets like gold, highlighting heightened sensitivity in the global commodities market. Trump’s remarks underscored concerns that a unified BRICS currency could weaken the […]
Gold Price Forecast: XAU/USD holds below $2,650 on US Dollar rebound
Gold prices remain capped below $2,650, weighed down by a recovering US Dollar. The greenback’s rebound comes on the back of improved economic data, dampening demand for the safe-haven metal. While earlier gains in gold were driven by geopolitical tensions and inflation concerns, the stronger dollar has shifted the narrative, making the precious metal less […]
Gold holds firm above $2,600 as geopolitical jitters, dovish Fed fuels demand
Gold prices remained steady above $2,600 per ounce as demand surged due to mounting geopolitical tensions and expectations of a cautious Federal Reserve stance. Investors flocked to the safe-haven asset amid global uncertainty, driving prices to multi-month highs. The Federal Reserve’s dovish tone, signaling a pause or slowdown in rate hikes, has further supported gold’s […]
Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path
Gold prices trimmed earlier gains as inflation data reinforced expectations that the Federal Reserve will maintain a cautious approach to monetary easing. After climbing in early trading, gold futures settled at $1,980 an ounce, reflecting a tepid response to consumer price index data that showed a slight moderation in inflation but still above the Fed’s […]
