Tuesday, 05 August 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Edges Higher on Weak U.S. Data
Friday, 6 June 2025 07:25 WIB | GOLD |GOLDEMAS

Gold edges higher in the early Asian session amid weak U.S. economic data and signs of easing U.S.-China tensions. Thursday's data, showing rising jobless claims and a sharp decline in imports, raised the prospect of slowing economic growth.

Meanwhile, President Trump said his conversation with Chinese leader Xi Jinping was productive and both sides agreed to meet soon. Investors could remain cautious ahead of tonight's U.S. nonfarm payrolls report, Kudotrade's Konstantinos Chrysikos says.

"A strong reading could challenge the current rate-cut narrative and weigh on gold, while any downside surprise may drive gold prices up," Chrysikos says. Spot gold is up 0.2% at $3,359.26/oz.

Source: Dow Jones

RELATED NEWS
Gold clings to gains driven by soft NFP and US Dollar weakness...
Monday, 4 August 2025 23:24 WIB

Gold (XAU/USD) kicks off the week on a cautious note, trading flat to slightly higher on Monday, as the US Dollar (USD) stabilizes but remains under pressure in the aftermath of Friday's disappointing...

Gold eases as yields rise, investors book profits ...
Monday, 4 August 2025 19:37 WIB

Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week's sharp rally driven by weak U.S. jobs data. Spot gold lost 0.2% to $3,356.91 per ounce, as of 1...

Gold price remains depressed below one-week top; lacks bearish conviction amid reviving Fed rate cut bets...
Monday, 4 August 2025 15:37 WIB

Gold price (XAU/USD) pulls back from the $3,369 region, or over a one-week top touched during the Asian session on Monday, and for now, seems to have stalled last week's goodish recovery move from a o...

Gold Prices Weakened On Profit-Taking After Rally On Surprise US Employment Data ...
Monday, 4 August 2025 12:01 WIB

Gold prices weakened slightly on Monday (August 4th) as investors took profits after a sharp rise in the previous session on weaker-than-expected US employment data, which raised expectations of a US ...

Gold Edges Lower On Technical Correction -- Market Talk ...
Monday, 4 August 2025 07:14 WIB

Gold edged lower early in the Asian session on a technical correction after gold futures closed nearly 1.7% higher last Friday. However, gold's decline may have been limited by rising expectations of ...

LATEST NEWS
Oil falls as OPEC+ output hike adds to oversupply concerns

Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding to oversupply concerns after U.S. data showed lacklustre fuel demand in the top consuming nation. Brent crude futures fell...

India calls U.S. and EU criticism of Russian oil imports unjustified

India defended its oil imports from Russia on Monday, calling U.S. and European Union criticism "unjustified and unreasonable" following U.S. President Donald Trump's decision to raise tariffs on the country. "Like any major economy, India will...

European shares rebound after Friday's selloff, Swiss stocks fall

European shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares following a hefty 39% U.S. tariff on Swiss goods. The pan-European STOXX 600 index, rose 0.9%, with most major...

POPULAR NEWS
European Stocks Rise After Selloff
Monday, 4 August 2025 14:40 WIB

European stock markets opened positively this week, with the Euro Stoxx 50 up 0.6% and the broader Stoxx 600 up 0.2%. This rebound follows a sharp...

EU to suspend US tariff countermeasures for 6 months
Monday, 4 August 2025 21:39 WIB

The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald...

Swiss tensions run high as clock ticks on U.S. tariff deadline
Monday, 4 August 2025 18:39 WIB

Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away. Without a deal,...

White House Defends Firing Of Labor Official As Critics Warn Of Eroding Trust
Monday, 4 August 2025 11:56 WIB

White House economic advisers on Sunday defended President Donald Trump's firing of the head of the Bureau of Labor Statistics, dismissing criticism...